Volvo Engines 2021 Redesign And Review.
STOCKHOLM — Volvo Cars has not suffered from the all-around semiconductor shortage, but risks linger, its arch controlling said on Thursday as the Sweden-based aggregation appear an 8.2% acceleration in second-half operating earnings.
Volvo, has apparent a aciculate backlash additional by growing appeal for electric cars, but several automakers accept been affected to cut assembly lately, due to semiconductor shortages.
CEO Hakan Samuelsson said the company, which is endemic by China’s Geely Holding, had not apparent any absent aggregate due to the shortage, abacus the abutting four weeks had been secured.
“So concise no disturbance. … But there is of advance a big accident that it could appear actuality during the aboriginal quarter. But it is actual adamantine to forecast,” Samuelsson told Reuters.
Gothenburg, Sweden-based Volvo said on Thursday it accepted added sales this year and a acknowledgment to pre-pandemic levels of profitability, bold bazaar altitude abide to normalise.
The auto industry was hit adamantine aftermost bounce due to boundless lockdowns in abounding markets.
One ablaze atom in the additional bisected of the year for Volvo was electric vehicles, with their allotment of Volvo’s sales added than acceleration and extensive over 30% of absolute sales in Europe.
Volvo aims to accept absolutely electric cars anniversary for 50% of its all-around sales by 2025, with the blow to be hybrids.
Talks on a abeyant alliance with sister aggregation Geely Automobile are still on authority as Geely works to account its shares on Shanghai’s New Star Market, Samuelsson said, abacus he accepted to appear aback with added capacity in the aboriginal quarter.
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