Volvo Cars sales fall 11 per cent in April as fully electric cars slump

Volvo Cars this week reported an 11 per cent decrease in April sales to 58,881 cars from a year earlier, sending its shares down.

Volvo Cars, which is majority-owned by China’s Geely, said in a statement sales of fully electric cars fell 32 per cent to account for 20 per cent of total sales volumes.

Sales of electrified cars as a whole, also including plug-in hybrids, were down 16 per