Volvo Cars sales fall 11% in April

STOCKHOLM: Volvo Cars sold 58,881 cars in April, down 11% from a year earlier, the Sweden-based company said on Monday.

Volvo Cars to cut costs by $1.9bn as earnings drop

Volvo Cars, which is majority-owned by China’s Geely, said in a statement sales of fully electric cars fell 32% to account for 20% of total sales volumes.