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Volvo Cars celebrates upswing in sales

A nearly four percent increase in worldwide sales for Volvo Cars in August signals a turning point, according to company head Stephen Odell, despite a continued sales drop in Europe.

Volvo Cars celebrates upswing in sales

“The recession is over, you can be sure of that,” Odell told the TT news agency as he celebrated with cake at the Frankfurt Motor.

“I’m not claiming victory yet, but the summer could have been a turning point.”

While Volvo’s global sales increased by 3.7 in August, the company continued to struggle in the important European market.

In Europe, Volvo sales dipped by nearly 11 percent in August in a market in which car sales rose by 3 percent overall, according to the European Automobile Manufacturers Association (ACEA).

But Volvo’s declining sales trend in Europe appear to be leveling off, with sales in July actually increasing by 6.6 percent for the month of July compared to last year.

Altogether, Volvo sold a total of 33,693 cars in Europe during July and August.

The company’s plant in Torslanda in western Sweden, which has been running below capacity in recent months, is now working overtime to keep up with increased global demand.

Ahead of the fourth quarter, Volvo management has boosted its production plan by 10,000 vehicles for both Torslanda and Volvo’s plant in Ghent, Belgium.

Meanwhile, the downward sales trend continued for Sweden’s other auto manufacturer, Saab, which saw European sales plummet by more than 60 percent in both July and August, compared to the previous year.

The company only sold 3,024 cars in the two month period compared to 7,921 cars during the same period in 2008.

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CARS

Volvo recalls thousands of cars worldwide

Car maker Volvo is recalling 8,200 cars around the world because of potentially faulty airbags.

Volvo recalls thousands of cars worldwide
A Volvo V90 being prepared for a commercial shoot. Photo: Jonas Ekströmer/TT

The recall affects 1,200 cars sold in Sweden, including the new Volvo V90 series, and 7,000 cars sold abroad, reports the Expressen tabloid.

Volvo's supplier and business partner for its self-driving cars, Autoliv, alerted Volvo to a faulty airbag trigger and advised it to recall those cars that had it installed.

“The had a quality problem during a certain period of production. It could happen that there are problems when the airbag is to be deployed,” a Volvo Cars spokesperson told Expressen.

No known incidents or accidents have been reported in relation to the airbags.

Last autumn Volvo recalled 127,000 of its vehicles after a separate fault causing the air conditioning to leak water, which could cause the airbags to malfunction, was discovered.