Business

Volvo Cars’ sales development speeds up to 12% in November By Reuters

© Reuters. The logo design of Volvo is seen on the front grill of a Volvo truck in a client display room at the business’s head office in Gothenburg, Sweden, September 23, 2008. REUTERS/Bob Strong

STOCKHOLM (Reuters) – Sweden-based Volvo Car AB stated on Friday its sales grew 12% year-on-year in November to 59,154 automobiles.

“Overall underlying demand for the company’s cars continues to remain robust, especially for its Recharge range of pure electric and plug-in hybrid cars,” it stated in a declaration.

The sales development sped up compared to October when it was 7%.

Volvo Cars, which is majority-owned by Chinese vehicle business Geely Holding, stated totally electrical automobiles represented 20% of sales, up from 15% the previous month. Recharge designs, consisting of those not totally electrical, represented 42%, up from 37%.

Blake

News and digital media editor, writer, and communications specialist. Passionate about social justice, equity, and wellness. Covering the news, viewing it differently.

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