Volvo

Polestar Boss Says It’s Time To Outrun BMW M And Mercedes-AMG

Polestar may be navigating financial pressure, but its leadership is clearly thinking about performance rather than retreat. The Geely-owned brand is preparing four new EV launches by 2028, and management

Volvo3 years ago

Volvo Cars August sales dropped 4.6% year-on-year

Volvo Cars saw its August sales decline by 4.6% year-on-year to 43,666 vehicles as the worldwide semiconductor shortage and other disruptions continue, the automaker said. Demand remained good, but the parts

Volvo3 years ago

Volvo to invest $1.25 billion EV plant in Slovakia

Volvo Car Group is set to invest 1.2 billion euros ($1.25 billion) for building an electric vehicle (EV) plant in Slovakia, the automaker said. The site will bolster its standing

Volvo3 years ago

Volvo Cars see 25% sales drop in sales in April

Volvo Cars’ monthly sales declined 24.8% in April from a year earlier due to lockdowns in China and disruption in the global supply chain. The automaker said that demand remained

Volvo3 years ago

Volvo Cars sees more than expected profit in first quarter

Volvo Cars said on Thursday posted profits above forecasts and said that demand for its products continues to be strong while chip constraints were gradually improving. The ongoing shortage of

Volvo3 years ago

Volvo Cars reported sales decline of 22 percent in March

Volvo Cars reported sales of 58,667 cars in March, a drop of 22.1 percent compared with the same month in 2021. During the first quarter, the number of cars sold

Volvo4 years ago

Volvo Cars sales declined in January due to chip shortage

Volvo Car Group’s sales declined 20.2% in January due to the global component shortage. Nevertheless, the demand for automaker’s products remained strong. Volvo warned last year that the chip shortage

Volvo4 years ago

Volvo Cars sales in December decline due to chip shortage

Volvo Cars saw their sales decline 18.1% in December due to global component shortage, the automaker said on Wednesday. Volvo has said before that the chip shortage crisis would continue

Volvo4 years ago

Volvo reports 30% sales decline in September as chip shortage continue

Volvo Car Group’s monthly sales declined 30.2% from a year ago in September, affected by the global chip shortage, the automaker said on Monday. The automaker warned last month that

Volvo4 years ago

Volvo says sales in the second half could fall due to chip shortage

Volvo Car Group cautioned on Friday that sales volumes in the second half of 2021 could decline year-on-year after it was forced to reduce production because of chip shortage. The

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