Volvo Cars expects reduced production due to temporary worsened semiconductor situation
Volvo Cars is experiencing a temporary worsened production situation, expected to last throughout the second quarter due to lack of a specific type of semi-conductor. Over the past year, the auto industry has been impacted by the shortage of semi-conductors and Volvo Cars has previously communicated that it sees a gradual improvement in the supply of semi-conductors and production output month over month. However, due to this specific disturbance Volvo Cars now expects a temporary deviation from that trend. Volvo Cars’ expectation has been to grow its sales volumes for the