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 …
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Volvo cars
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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