Volvo Cars’ Stock Skyrockets 40% After Surprise Profit Surge – Biggest Jump Since IPO
Volvo Cars reported Q3 operating profit of SEK 5.9 billion, far above analyst expectations. Gross margin jumped to 24.4% after major cost cuts and job reductions under returning CEO Håkan Samuelsson. Shares surged over 40% intraday, reaching their highest level since mid-2024. A new EU–U.S. trade deal eased tariff concerns, while EV sales slipped to 22% of volume.
