Volvo sales slide 2nd straight month

Volvo Car Corp.’s China deliveries slumped for the second straight month in September as the severe semiconductor shortage continued to curb the company’s local output.

The Swedish carmaker said this week September sales plunged nearly 44 percent to 9,696. In August, deliveries slipped 17 percent after edging up 1 percent the previous month.

Volvo has been forced to slash production in China with output at key chip suppliers in Southeast Asia severely affected since mid-July amid a resurging coronavirus outbreak. 

Behind a robust rebound in sales earlier this year, Volvo’s China deliveries for the first nine months rose 17 percent to 132,610, the company reported.