Volvo Car slides after it posts lower February sales

Volvo Car AB

05/03/2024 09:08

** Shares in Volvo Car  VOLCAR.ST  fall 3.8% after the
Swedish car manufacturer posted a fall in  February sales on
Tuesday
    ** Volvo Car said the decline was primarily due to the
Chinese Lunar New Year in February, with China sales down 39%
year-on-year to 7,911 cars
    ** Sales in the U.S. fell 7%, hurt by a 63% decline in the
sales of fully electric cars, Volvo Car said
    ** Overall, sales volume declined 2% year-on-year, reaching
50,315 cars in February
    ** The company is among the worst performers on the
pan-European STOXX 600 index  .STOXX 

 (Reporting by Elsa Ohlen)
 ((elsa.ohlen@thomsonreuters.com;))