HELSINKI — Sweden’s Volvo Vehicles noticed its August gross sales fall by 4.6% year-on-year to 43,666 autos as the worldwide semiconductor scarcity and different disruptions continued to harm deliveries, the Swedish automobile maker mentioned in an announcement.
Demand remained good, however the element shortages in addition to energy cuts and COVID-19 outbreaks in China interrupted output, the corporate mentioned.
Volvo Vehicles on Thursday mentioned it could briefly shut its plant within the Chinese language metropolis of Chengdu attributable to native coronavirus restrictions and {that a} second facility had additionally been affected by current lockdowns.
The corporate’s shares traded down 0.7% at 0737 GMT, lagging a 1% rise in Stockholm’s benchmark index.
(Reporting by Essi Lehto, enhancing by Terje Solsvik)
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