Volvo Cars third-quarter income falls due to launch costs, higher tariffs
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(Reuters) - Geely-owned Swedish carmaker Volvo Cars, which postponed plans for a listing this year, said on Friday third-quarter operating income slumped nearly 50 percent due to product launch costs and higher tariffs.However, the company expects continued growth in revenue and retail sales in 2018, supported by its renewed product portfolio and lower capital expenditure.Volvo Cars said its operating income fell to 1.84 billion Swedish crowns (157.23 million pounds) in the quarter ended Sept...