STOCKHOLM, Nov 6 (Reuters) - Volvo Cars

said on Thursday that it was targeting a long-term operating

profit margin of over 8% as part of a strategy overhaul to

enable a strong positive cash flows and growth through

electrification.

Earlier in the year, former CEO Hakan Samuelsson was

brought back

for two years to help revive a record-low share price,

quickly launching a

cost-cutting program

.

This included pulling the group's then-outlook such as

on delivering a core EBIT margin of 7-8% and generating a strong

positive free cash flow in 2026, the company said at the time.