Stock Market News
Volvo Cars August sales fall 4.6% year-on-year
2022.09.02 10:38
An employee at a Volvo car dealer wearing a protective mask is seen in the show room, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman
HELSINKI (Reuters) – Sweden’s Volvo Cars saw its August sales fall by 4.6% year-on-year to 43,666 vehicles, the Swedish car maker said in a statement.
Demand remained good, but production was hurt by component shortage as well as power cuts and COVID-19 outbreaks in China, the company added.