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© Reuters. FILE PHOTO: A Volvo emblem is seen on a rim displayed at a Volvo showroom in Mexico Metropolis, Mexico April 6, 2018. REUTERS/Gustavo Graf
STOCKHOLM (Reuters) – Sweden-based Volvo Automobile AB stated on Thursday its gross sales grew 13% year-on-year in December to 72,663 automobiles.
Full-year gross sales fell, nonetheless, by 12% to 615,121 automobiles.
“Volvo Automobiles’ full yr gross sales efficiency was affected by challenges throughout the provision chain, in addition to manufacturing restraints attributable to element shortages and Covid-related lockdowns in China,” Volvo Automobiles, which is majority-owned by China’s Geely Holding, stated in an announcement.
“Regardless of this, demand for Volvo Automobiles remained sturdy,” it stated.
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