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Global sales fell 7.4% on year in the quarter, with demand hit by continuing market challenges in the U.S. and China.
Sweden's Volvo Cars said on Monday it will close its Stockholm office, where 450 people currently work, relocating responsibilities to its Gothenburg headquarters as part of an effort to cut costs and boost efficiency.
SHIPPENSBURG, Pa.--(BUSINESS WIRE)--Volvo CE announces expanded U.S. production, with over 50% of its North American machine supply able to be produced in Shippensburg, Pennsylvania.
Sales in the U.S. increased for the third consecutive month, rising by a double-digit percentage while European deliveries remained steady with moderate growth.
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