Analysts warn of Volvo Cars profit slump

New European Union tariffs on cars could shave 10% or more off Volvo Cars’ operating profit this year. But despite the setback, Handelsbanken gave the automaker’s stock a buy label, in part because the company could ride the electric vehicle trend under the radar.

“This will not affect the stock or the company in the long run, this is just a temporary impact,” analyst Hampus Engellau told Di.