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Volvo Cars says March sales fall 22%, hurt by chip shortage

04/04/2022

Less than a minute

2022.04.04 10:37

Volvo Cars says March sales fall 22%, hurt by chip shortage
FILE PHOTO: The company logo is seen on the bonnet of a Volvo car during the media day ahead of the 84th Geneva Motor Show at the Palexpo Arena in Geneva March 5, 2014. The Geneva Motor Show will run from March 6 to 16. REUTERS/Arnd Wiegmann

STOCKHOLM (Reuters) – Volvo Cars said on Monday car sales in March fell 22% to 58,677 cars as the automaker faced shortages of a specific semiconductor.

Volvo, majority owned by China’s Geely Holding, said the shortage is expected to impact production during the second quarter.

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04/04/2022

Less than a minute