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Coffee-bar giant Starbucks has something that Tesla, Lucid, Rivian, Volvo, and other electric vehicle makers really want and need.
OSLO (Reuters) -Volvo Car Group's July sales were down 21.5% from a year earlier as supply chain problems continued to hamper production, but could rebound in the coming months, the Sweden-based automaker said on Wednesday. A shortage of semiconductors and other components has squeezed auto industry output and sales in recent quarters, but Volvo said last month it was seeing a "marked improvement" in the stabilisation of its supply chain. "Provided this normalisation continues, the company expects production to progressively increase in the coming months," Volvo Cars said in a statement on Wednesday.