Volvo Cars lowers profit margin target
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Volvo Cars U.S. production plant is pictured in Ridgeville, South Carolina, U.S. June 20, 2018. REUTERS/Randall Hill/File Photo
STOCKHOLM (Reuters) - Swedish automaker Volvo Cars on Thursday lowered its adjusted profitability target for 2026 and said it aims to continue outgrowing the premium car market until that year, dropping a previous sales target.
(Reporting by Marie Mannes and Anna Ringstrom, editing by Terje Solsvik)
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