Volvo Car AB reported a net loss in the second quarter, with a decline in wholesale volumes and negative currency impacts. Net loss was SEK 8.10 billion, compared to net income of SEK 5.65 billion last year. Loss per share was SEK 2.53. EBITDA declined to SEK 7.55 billion, and operating loss was SEK 9.96 billion. Revenue decreased to SEK 93.49 billion. The company is focusing on boosting sales with new EV models like the EX30 and upgraded EX90, with plans for the ES90 and XC70 launches later this year. The EX60 is on track for 2026, and a SEK 18 billion turnaround plan is showing results. On Wednesday, VOLCAR-B.ST closed trading 3.14% lower at SEK 17.76.

Read more at Nasdaq: Volvo Car Swings To Loss In Q2