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Demand remained good, but the component shortages as well as power cuts and COVID-19 outbreaks in China interrupted output, the company said.
Volvo Cars on Thursday said it would temporarily close its plant in the Chinese city of Chengdu due to local coronavirus restrictions and that a second facility had also been affected by recent lockdowns.
The company’s shares traded down 0.7% at 0737 GMT, lagging a 1% rise in Stockholm’s benchmark index.
