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STOCKHOLM: Swedish truckmaker AB Volvo reported on Wednesday a larger drop than expected in fourth-quarter operating profit and raised its dividend payout.

Volvo CEO says plan for Mexico truck factory ongoing despite US tariff threat

Operating profit was 14.04 billion crowns ($1.28 billion) against a year-earlier 16.98 billion and a mean forecast in an LSEG poll of analysts of 14.51 billion, on a sales drop of 6%.

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