Volvo sees good demand this year after higher Q1 vehicle sales
However, EBIT for the first quarter fell to 4.7 billion Swedish crowns ($434.78 million) from 5.1 billion a year ago on lower revenue and losses at its Polestar business.
Read moreSeating supplier Adient plans European job cuts as part of restructuring plan
Adient is cutting jobs in Europe and transferring other roles to countries with lower labor costs, becoming the latest parts maker to eliminate positions in the region.
Read moreTesla says it will accelerate new products after Q1 income drops 55%
Tesla said the new vehicles, including more affordable models, will use aspects of its next generation platform as well as aspects of our current platforms.
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