Volvo cars | SpeedLux

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

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 Cars to halt production at Swedish plant due to chip shortage

Volvo Cars will halt production at its Swedish plant in Torslanda by next week due to the continued shortage of semiconductor chips. “Due to the current material shortage situation, caused

Volvo4 years ago

Volvo to buy parent company Zhejiang Geely Holding

Volvo Cars have struck a deal to purchase parent company Zhejiang Geely Holding from their joint ventures in China. Geely, which also owns a 9.7% stake in Daimler, said this

Geely4 years ago

Geely’s electric vehicle unit Polestar raises $550 million

Sweden’s Polestar, the electric automaker controlled by Volvo Cars, and its parent, Geely, has raised $550 million in external funding, according to the company. The financing is Polestar’s first external

All posts tagged in Volvo cars

Stay Informed With the Latest & Most Important Automotive News

Advertisement