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Volvo Cars' July sales rise 6% driven by European EVs

COPENHAGEN — Volvo Cars' sales rose 6% year-on-year in July to 57,447 cars, driven by an increase in fully electric vehicles in Europe, the Sweden-based automaker said on Friday. Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement that total sales in Europe, the biggest market for Volvo Cars, were up 40%, while sales in the United States and China fell by 11% and 31%, respectively. "We are pleased to report another month of sales growth, which is driven largely by the sales in Europe despite a generally challenging market environment," deputy CEO and Chief Commercial Officer Bjorn Annwall said in the statement. Sales of fully electric and plug-in hybrid models were up 49% compared to the same period of 2023, especially driven by Europe, and also accounted for 49% of all cars sold during July. Shares in the company fell 0.7% by 0724 GMT, outperforming Stockholm's benchmark stock market index which traded down 2%. Volvo Cars aims to have electric vehicles account for half of its sales by volume by mid-decade and hopes to sell only EVs by 2030.

Watch Volvo's V8 Supercar drivers play with the Polestar S60 in the Arctic

The Volvo S60 Polestar may not seem like a natural fit for the V8 Supercars series that runs throughout Australia, New Zealand and Tasmania. After all, the all-wheel-drive production-spec car isn't even available with a V8. But the rear-wheel-drive racing version has acquitted itself well in the early races of the season, even scoring an overall win at a race in Melbourne. Currently at seventh place in the championship, the S60 the most successful car that isn't a Holden or Ford.
To celebrate its burgeoning success, Volvo sent its V8 Supercars drivers Robert Dahlgren and Scott McLaughlin to home base in Sweden to have some fun driving in the snow and to visit Polestar headquarters. The two of them do some big power slides on an icy lake and then taker a deeper look into the company's performance division. Scroll down to watch the video full of sliding Swedish sedans.

Leno drives Volvo P1800 from Roger Moore's The Saint

Outside of a few notable exceptions, Volvo usually isn't associated with making beautifully curvaceous vehicles. But in the 1960s and early '70s the company proved with the P1800 that its cars didn't only have to be safe but staid family transportation. Underneath that shapely styling were a lot of components from the brand's parts bin, but that didn't bother Roger Moore when he drove one of these in the TV series The Saint. Actually, the future James Bond actor didn't just get behind of one of these; he owned this exact 1967 P1800 S. It's this week's highlight on Jay Leno's Garage.
Moore was the car's original owner, but it also appeared in studio scenes of The Saint. Despite its famous provenance, when owner Bill Krzastek bought the P1800 in England, it was in pretty rough shape. The Volvo underwent a nine-month restoration to get it back into shape, which included some new body panels and wheels. Krzastek claims that much of the interior is original, though.
Krzastek comes off has a little bit nerdy, but you have to give him credit. He absolutely loves his Volvo and knows something about practically every detail of his car's history. Krzastek even refinanced his house to fund the purchase and restoration of the P1800. Although, with the right maintenance these old Swedes have been known to go millions of miles. Enjoy this look at one that was a star of the screen in the '60s.