A worker at a Volvo car store introduces the Volvo xc60 and other models via a live streaming in Shanghai, China, March 18, 2024.
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Shares of Volvo Cars rose sharply on Thursday after the company reported a jump in annual operating profit for the second quarter.
By 8:30 a.m. London time shares had rise by 7.35%. Core operating profit for the quarter came in at 8.2 billion Swedish kronor ($776 million), 28% higher than in the same quarter a year earlier, the company said in a statement.
This was the highest ever figure for one individual quarter, the carmaker said.
This is a developing story that will be updated.