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Global sales fell 7.4% on year in the quarter, with demand hit by continuing market challenges in the U.S. and China.

Sweden's ​Volvo Cars ‌said on Monday ​it ​will close its ⁠Stockholm ​office, where ​450 people currently work, ​relocating ​responsibilities to its ‌Gothenburg ⁠headquarters as part of ​an ​effort ⁠to cut ​costs ​and ⁠boost efficiency.

SHIPPENSBURG, Pa.--(BUSINESS WIRE)--Volvo CE announces expanded U.S. production, with over 50% of its North American machine supply able to be produced in Shippensburg, Pennsylvania.

Sales in the U.S. increased for the third consecutive month, rising by a double-digit percentage while European deliveries remained steady with moderate growth.

Volvo Car expects growth in Europe and a recovery in the U.S. to spur significantly stronger sales in the second half of the year, despite continued challenges in China.