|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||173.30 - 176.50|
|52-week range||173.30 - 176.50|
|Beta (5Y monthly)||1.16|
|PE ratio (TTM)||N/A|
|Earnings date||26 Jan 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||212.48|
OSLO (Reuters) -Volvo Car Group's July sales were down 21.5% from a year earlier as supply chain problems continued to hamper production, but could rebound in the coming months, the Sweden-based automaker said on Wednesday. A shortage of semiconductors and other components has squeezed auto industry output and sales in recent quarters, but Volvo said last month it was seeing a "marked improvement" in the stabilisation of its supply chain. "Provided this normalisation continues, the company expects production to progressively increase in the coming months," Volvo Cars said in a statement on Wednesday.
Swedish truck maker Volvo Group plans to establish a large-scale production plant for battery cells, gradually building it up towards 2030 to meet a growing demand for zero-emission transportation, the company said on Wednesday. "There is a strong demand from our customers already today, and by 2030, it is our ambition that at least 35% of the products we sell are electric," CEO Martin Lundstedt said in a statement.
STOCKHOLM (Reuters) -Volvo Cars flagged a potential dip in retail sales this year after posting higher second-quarter profits. Supply problems, above all a global shortage of semiconductors, have squeezed output and retail sales in recent quarters, but Volvo said it was seeing a "marked improvement" in the stabilisation of its supply chain. The Sweden-based carmaker said on Wednesday it expected full year retail deliveries to be lower or on par with 2021, while wholesale volumes will increase.