According to Swedish news agency TT, Volvo’s sales figures went down in the first quarter of this year by 9.7 percent. With minus 12 percent, Saab’s decrease was even bigger.
According to analysts, the negative figures did not come as a surprise, as the European market has been rocky for the vast majority of automobile manufacturers. The former Swedish brands only continue to sell well in France and Germany.
Since the 1990s, Volvo Automobile is owned by Ford, whereas Saab is a part of General Motors.