Volvo Cars Says March Sales Fall 22 Percent, Hurt by Chip Shortage

By Reuters
Reuters
Reuters
April 4, 2022 Updated: April 4, 2022

STOCKHOLM—Volvo Cars said on Monday car sales in March fell 22 percent 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.

Reuters