Automakers

Volvo sales plunge 22% in October on chip crunch

Volvo XC40 recharging in Stockholm, Sweden
A Volvo XC40 is recharged outside the automaker's dealership in Stockholm, Sweden. (Bloomberg)
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By:
Bloomberg
November 03, 2021 12:44 PM

Volvo Cars' vehicle sales plunged by more than a fifth in October as the company struggled with supply-chain snarls, adding to signs that 2021 could become another difficult year for automakers.

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