Volvo Cars Reports 7% Drop in Sales Volumes for November-January Period
Volvo Cars said it sold 177,830 vehicles in the November-January period, a 7% decline from the same period a year earlier. The company reported a 13% increase in volumes of fully electric models, which made up 24% of sales, while sales of electrified models as a whole fell 2%. Management cited a challenging market environment with pricing and compe…