Volvo Car has reduced its retail sales target due to weaker demand in the market. The company initially aimed for a 15% growth, but is now adjusting its expectations amid a slowing global economy and rising competition. Volvo's parent company, Geely Holding Group, will reportedly continue to support the brand despite the revised targets.

Source: https://www.bloomberg.com/news/articles/2024-10-23/volvo-car-walks-back-sales-growth-target-on-weaker-auto-demand