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Volvo: Supply issues will continue to affect sales in the quarter

Volvo Car said supply constraints and ongoing coronavirus lockdowns in China hit retail deliveries and production in the second quarter and will continue to affect retail sales in the third quarter, although demand remains strong . The...

Volvo: Higher-than-expected profit growth in the quarter

Swedish truck maker Volvo reported a bigger-than-expected rise in second-quarter profit, and said it had successfully mitigated the effects of supply chain disruptions and higher material costs. The truck, construction equipment, bus and engine maker's adjusted operating...

Volvo Cars: 26.9% fall in car sales in June

Volvo Cars' sales fell 26.9% year-on-year in June as lockdowns in China caused parts shortages that hit production of its mostly electric and plug-in hybrid cars. The Swedish carmaker, owned by China's Zhejiang Geely Holding Group, said...

Volvo Car: Invests 1.2 billion euros in a new factory in Slovakia

Volvo Car Group has announced it will invest 1.2 billion euros to build a new production plant in Slovakia as part of its expansion plans, the Swedish carmaker said. The new factory, Volvo Cars' third in Europe,...

Volvo Car: Car sales fell 28.3% in May

Volvo Car announced that car sales fell 28.3% year on year in May as supply chain problems and lockdowns in China hit production. The company had previously said that shortages of semiconductors would affect production during the...

Volvo Car sales fell 24.8% in April

Volvo Car sales fell 24.8% in April as semiconductor shortages weighed on production, while lockdowns in China hit car deliveries. The company had previously stated that the lack of supply of a particular type of semiconductor would...