- Sweden-based Volvo Cars is recalling about 106,900 cars globally.
- The carmaker suspects fault related to brakes in the models being recalled, Reuters reported.
- The recall includes 2023 model of C40, XC40, S60, V60, XC60, V90 and XC90 vehicles.
- Volvo Cars’ 2022 sales decreased 12% year-on-year due to challenges across the supply chain.
- U.S. sales slumped 16.5%, while online sales grew 17%.
- Volvo Cars is owned by Zhejiang Geely Holding (Geely Holding) of China. Volvo Cars formed part of the Swedish Volvo Group VLVLY until 1999.
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