The Volvo Group reported a net profit of SEK 9.89bn in Q1 2025, down from SEK 14bn the previous year, due to a 7% decline in net sales. Vehicle sales fell by 9%, while service sales decreased by 1%. Despite a 12% drop in truck deliveries, order intake rose by 13%, driven by European demand. The company anticipates a boost in European orders due to increased defense spending, while North America faces challenges from trade tariffs and emissions legislation. Teljes cikk (Euronews.com)