Live Breaking News & Updates on Sweden Based Volvo Cars
Stay updated with breaking news from Sweden based volvo cars. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Volvo Cars said on Friday it plans to distribute 62.7% of its stake worth 9.5 billion crowns in Swedish electric vehicle manufacturer Polestar Automotive Holding to its own shareholders. . ....
COPENHAGEN (Reuters) -Sweden-based Volvo Cars on Wednesday reported a 33% year-on-year rise in June sales to 66,379 cars, helped by a spike for fully electric cars. The manufacturer, which is majority-owned by China's Geely, said it sold 9,535 fully electric cars in the month, up 346%. "The overall sales increase was driven by the company's fully electric cars which quadrupled compared to the same period last year," it said in a statement. ....
European shares fell on Wednesday as fresh data pointing to China s faltering economic recovery as well as slowing services sector activity in the euro zone stoked concerns about a sharp hit to global. ....