Dow Jones Newswires: Volvo Q4 net profit dips to $648.5 million as costs jump.


By Dominic Chopping

STOCKHOLM–Volvo AB on Thursday posted lower-than-expected fourth-quarter earnings as truck demand remained strong in Europe and North America but costs rose sharply and the company booked a write-off of Russian tax assets.

The Swedish truck maker reported net profit of 6.62 billion Swedish kronor ($648.5 million) compared…

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