Volvo Cars Q3 Beats Expectations; Shares Surge 41%

Volvo Cars’ stock jumped as much as 41% after the company reported stronger-than-expected third-quarter results driven by improved profitability. Operating income rose to about 6.4 billion kronor and net income to 5.195 billion kronor, while Reuters separately reported operating profit before special items of 5.9 billion kronor. Quarterly revenue fell to 86.439 billion kronor and car sales are down about 8% year-to-date. An 18 billion-kronor cost‑saving program plus some one‑time reversals helped the bottom line. Management said tighter cost controls and rising demand for battery-electric models, including the EX60 due to launch in January, are supporting results but warned of pricing pressure, U.S. import tariffs and global economic uncertainty, and the company withdrew its financial guidance for 2025–26.