Further Reading: The Volvo C40 Recharge
Volvo Expects to Reduce Production Due to ‘Temporary’ Semiconductor Shortage
According to the Volvo Group, the slowdown has nothing to do with the war in Ukraine.
March 23, 2022
After a positive economic and sales outlook for 2022, Volvo has scaled back its predicted sales numbers.
Volvo Group
1 min to read
Volvo Cars announced today it is experiencing a “temporary worsened production situation,” expected to last throughout the second quarter, due to a shortage of a specific semiconductor.
According to a company statement, the automaker had seen a gradual month-over-month-improvement in the supply of semiconductors and production output. Now, however, Volvo Cars now expects a temporary deviation from that trend.
The supply “disturbance” means Volvo Cars now expects marginal growth in sales volumes for the full year 2022, compared to 2021.
Volvo’s expected production disruption is not related to the war in Ukraine as the automaker “has very limited direct relationships with suppliers in Ukraine, ” according to the company statement.
Volvo leadership expects supply chain constraints, including the ongoing impacts from Covid, will remain a problem for the industry throughout 2022.
More Global Fleet
GeoFencing Adds to Your Truck Security Arsenal
Geofencing is a familiar fleet tool today, but its early adoption marked a major shift in vehicle tracking, route monitoring, and the debate over employee privacy.
Read More →
Holman Takes Full Ownership of ARIZA in Mexico
Holman is bringing its Mexican fleet management operation fully under its own brand after more than 30 years as a joint venture. The change gives multinational fleet customers a single Holman operation across the U.S., Canada, and Mexico.
Read More →
5 Tire Maintenance Tips to Help Prevent Work Truck Downtime
Regular tire checks can do more than extend tread life. These five maintenance practices can help work truck fleets catch problems early, reduce costs, and prevent downtime.
Read More →
Proven Ways to Reduce Work Truck Downtime
The age-old problem of downtime will always be a reality, but with new strategies at hand, fleets have more ways to keep trucks on the road longer.
Read More →
Cameras, Safety and Insurance: From Reactive Claims to Real-Time Prevention (Part 2 of 2)
Part Two: Commercial auto remains one of the most challenging and costly lines of coverage for fleet operators and insurers alike. Continue learning more about how to effectively address these issues from Onur Aksan, Enterprise Business Development Executive, Geotab
Read More →
Cameras, Safety and Insurance: From Reactive Claims to Real-time Prevention
Commercial auto remains one of the most challenging and costly lines of coverage for fleet operators and insurers alike. Learn more about how to effectively address these issues from Onur Aksan, Enterprise Business Development Executive, Geotab.
Read More →
Fleet Costs Are Rising: Here’s How Leaders Are Responding
Fleet leaders are under pressure to reduce costs, adapt to economic uncertainty, and make smarter decisions. See how peers across North America are responding with real data, proven strategies, and forward-looking insights. Download the 2026 Market Pulse Report to benchmark your strategy and uncover where you can gain an edge.
Read More →
Enterprise Fleet Management Surpasses 900,000 Vehicles in U.S. & Canada
Enterprise Mobility connects with mobility solutions around the globe
Read More →