Volvo goes all-in on electric cars, online sales france24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from france24.com Daily Mail and Mail on Sunday newspapers.
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STOCKHOLM, Feb 4 (Reuters) - Volvo Cars has not suffered from the global semiconductor shortage, but risks linger, its chief executive said on Thursday as the Sweden-based company reported an 8.2% rise in second-half operating earnings.
Volvo, has seen a sharp rebound boosted by growing demand for electric cars, but several automakers have been forced to cut production lately, due to semiconductor shortages.
CEO Hakan Samuelsson said the company, which is owned by China’s Geely Holding, had not seen any lost volume due to the shortage, adding the next four weeks had been secured.
“So short-term no disturbance. But there is of course a big risk that it could come here during the first quarter. But it is very hard to forecast,” Samuelsson told Reuters.
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STOCKHOLM (Reuters) - Volvo Cars has not suffered from the global semiconductor shortage, but risks linger, its chief executive said on Thursday as the Sweden-based company reported an 8.2% rise in second-half operating earnings.
FILE PHOTO: An employee at a Volvo car dealer, wearing a protective mask is seen in the showroom, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman
Volvo, has seen a sharp rebound boosted by growing demand for electric cars, but several automakers have been forced to cut production lately, due to semiconductor shortages.
CEO Hakan Samuelsson said the company, which is owned by China’s Geely Holding, had not seen any lost volume due to the shortage, adding the next four weeks had been secured.
Volvo Cars profits rise, but it sees big risk from semiconductor shortage autoblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoblog.com Daily Mail and Mail on Sunday newspapers.