Automakers

Volvo reports record first-half results; warns chip crisis will hit hard in H2

Volvo_XC40_Recharge
(Volvo)
July 23, 2021 08:34 AM

Volvo Cars said on Friday it had the best half-year sales and operating profit in the company's 94-year history, but the automaker warned the ongoing shortage of microchips would negatively affect its results in the second half.

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