Volvo Cars January sales tumble as chip shortage lingers

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STOCKHOLM: Volvo Car Group\u0027s sales fell 20.2 per cent in January under pressure from the global component shortage, though demand for its products remained strong, the automaker said on Wednesday (Feb 2). Volvo, which has been heavily impacted by sector-wide supply-chain constraints and semiconductor short

STOCKHOLM: Volvo Car Group's sales fell 20.2 per cent in January under pressure from the global component shortage, though demand for its products remained strong, the automaker said on Wednesday .

The Sweden-based company said that while production had continued to improve gradually, retail deliveries were held back"due to an increase of cars in transit".

Source: Car News Wire (carnewswire.net)

 

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