Volvo: Recall due to fire hazard

Author: Mario Schmidtgen
Date: 23.07.2019

Half a million vehicles affected worldwide

Volvo has recalled almost half a million vehicles worldwide to workshops. The reason for this is a component in the engine compartment that could melt. This creates the risk of fire in the engine. A company spokesman announced this. So far, there have not been any reports about affected persons.

According to the speaker, 54,000 vehicles of the car manufacturer are affected in Germany. The Swedish television station SVT informed that these are engines with four-cylinder diesel engines built between 2014 and 2019, including the V40, V70, S80, XC60 and XC90 models.

But this is not the only bad news in a short time period: Last Thursday the Swedish carmaker had to record a sharp drop in profits of 54 percent for the second quarter of 2019 despite rising sales figures. The reason for the poor results is price pressure and increased tariffs. The company now intends to counteract this with cost savings.