Volvo Group Sees More Risk From ‘Unstable’ Chip Supply Chain

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In the first quarter, Volvo’s order intake for trucks more than doubled to 85,461 trucks, highlighting the conundrum it’s facing just as economies recover from the pandemic. Still, the supply issues had only minimal impact during the first quarter. Operating profit jumped 66% to 11.82 billion Swedish kronor ($1.4 billion), higher than analysts expected.