Volvo Cars sales fall 10% in March, fully electric down 26%

STOCKHOLM (Reuters) -Volvo Cars sold 70,737 cars in March, down 10% from a year earlier, the Sweden-based company said on Wednesday, sending its shares down 3%.

Volvo Cars, which is majority-owned by China’s Geely, said in a statement sales of fully electric cars plunged 26% to account for 19% of total sales.

(Reporting by Anna Ringstrom, editing by Terje Solsvik)