Volvo Car Sales Decline 5.5% Amid Global Market Headwinds
Volvo Cars reported a 5.5% decline in global vehicle sales for the recent period, citing sustained pressure within the Chinese market and broader macroeconomic instability. The Swedish automaker, majority-owned by Geely Holding, struggled to maintain momentum as high interest rates and fierce competition in the electric vehicle (EV) sector dampened consumer demand across key regions….
