Volvo Cars profits rise despite 2022 'turbulence'
Sweden's Volvo Cars reported Thursday a strong rise in net profit last year, with record revenue and electric car sales more than doubling. Like other automakers, Volvo Cars faced supply chain problems, Covid lockdowns in China and higher costs amid soaring inflation. But its net profit rose by almost 20 percent to 17 billion Swedish kronor ($1.6 billion) last year. Revenue climbed b