As we look ahead to 2023, Volvo Cars acknowledges that there may be further challenges to come. However, the company is optimistic that the COVID-related supply shortages from China are now behind us and there is a steady improvement in the supply of semiconductors. Additionally, Volvo Cars anticipates a decline in the price of lithium
Volvo reports a significant decrease in its car sales in the US in May - by 29.1% year-over-year to 9,372. It deepens the year-to-date fall to 18.1% (42,151). The Swedish brand is highly affected by supply constraints, which impacts also Volvo plug-in car sales. Anders Gustafsson, Senior Vice President, Volvo Car Americas and President and
Volvo Cars reports 47,150 global car sales in April, which is almost 25% less than a year ago. Year-to-date sales decreased by over 21% to 195,445. The Swedish brand explains this significant decrease is tied to supply chain issues and lockdowns in eastern China, which "impacted retail deliveries in China and added more challenges". Unfortunately,
Volvo Cars will be the first car maker to directly integrate its cars with Google Assistant-enabled devices, a step in the continued partnership between Volvo Cars and Google. This planned direct integration allows for the most seamless connection between Google Assistant and cars to date, letting Volvo Cars customers control functions in their car
Volvo Cars today reported continued growth both in terms of sales and revenue for the first nine months of 2021, even as a Covid-19 outbreak in Southeast Asia caused an industry-wide supply shortage which impacted production and sales volumes in the third quarter. The company’s revenue for the first nine months amounted to SEK
Drivers of the fully electric Volvo XC40 Recharge can soon optimize the driving range of their car even further, thanks to a new Range Assistant in-car app that is released in a beta version as part of the latest over-the-air software update for Volvo cars with an infotainment system powered by Android Automotive OS. With
Volvo Cars’ affiliate Polestar to be listed in planned combination with Gores Guggenheim, implying an enterprise value of approximately U.S. $20bn for the combined company. Volvo Cars, the largest shareholder in premium electric vehicle company Polestar, today welcomes the plans announced by Polestar to list on the Nasdaq stock exchange in New York. The planned
Volvo Cars today reported the best half-year results in terms of sales and operating profit in its 94-year history amid increasing demand for its cars across all regions. The half-year financial report, which can be found here, showed the company achieved a revenue of 141 billion SEK, up 26 per cent, driven by strong
Volvo Cars have signed an agreement with its parent Geely Holding to acquire Geely Holding’s stake in the companies’ joint ventures in China, with the aim of taking full ownership of its car manufacturing plants and sales operations in the country. The acquisition of an additional 50 percent of the shares in Daqing Volvo
When Volvo launched its latest platform, called Scalable Product Architecture, with the current XC90 SUV back in 2014, it made everything else in Volvo’s lineup feel instantly out of date. Volvo's S60, its compact sedan, was the last in line to get the upgrade, but now its time has come. With the new platform comes
