Volvo Cars achieved a revenue record in 2022 despite a drop in its global new car sales volume.
It achieved a full-year operating profit of 22.3bn Krona (£1.78bn)) from revenues of £330.1bn krona (£26.27bn) while facing headwinds of supply constraints, lockdowns in China and higher material and logistics costs, revealed its president and chief executive Jim Rowan.
Its ramp up of electric car deliveries continued to make ground as it nears its 2025 objective of selling one in two new Volvos with a pure electric powertrain.
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An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
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