From Yahoo Finance: 2025-06-04 03:04:00

Volvo Cars reported a 12% decrease in sales in May, selling 59,822 cars. Fully electric car sales dropped 27%, accounting for 21% of total sales. Overall electrified car sales, including plug-in hybrids, were down 20%, making up 44% of total sales. The company plans to cut 3,000 jobs due to high costs and trade uncertainty. Shares rose 0.5% following the news.



Read more at Yahoo Finance: Volvo Cars sales fall 12% in May