Volvo Cars Withdraws Sales Outlook After Weak Q3
Volvo Cars has withdrawn its sales outlook for the year following a disappointing third quarter, particularly in China and the U.S., its two largest markets. The company shipped approximately 11% fewer vehicles in Q3 compared to the previous year.
, its two largest markets. The Swedish automaker, which is majority owned by China's Geely, shipped around 11% fewer vehicles in the third quarter than in the same period a year earlier. In China, the company faced a challenging quarter.