Volvo Cars sales fall 11% in April

STOCKHOLM (Reuters) -Volvo Cars sold 58,881 cars in April, down 11% from a year earlier, the Sweden-based company said on Monday.

Volvo Cars, which is majority-owned by China’s Geely, said in a statement sales of fully electric cars fell 32% to account for 20% of total sales volumes.

Shares in the company were down 2% in early trade.

(Reporting by Anna Ringstrom and Louise Rasmussen, editing by Stine Jacobsen)