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According to Ford's media report for Q2 results, "For the second quarter, Volvo reported a pre-tax loss of $231 million, compared with a loss of $120 million a year ago. The decline primarily reflected lower volumes, partly offset by continued progress on cost reductions and favorable exchange. Second quarter revenue was $2.9 billion, down from $4.3 billion a year ago. "<br>
 

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Re: Volvo again on the red (tolis)

In relative terms this means a 33% decline in revenues and a profit margin that's gone from -2.8% to -8.0%. Not good, but the margin is not catastrophic, depending on how they come out of the upturn. Of course, we have to trust that Ford is playing fair with how it reports Volvo's numbers.
 

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And the fact that Ford has mortgaged most of Volvo's property does not account for any of these numbers? The amount of NEW volvos I have seen on the road outnumber most other carmakers excluding honda and toyota.
 
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