
In February 2021, the Volvo XC40 was the top-selling model, with sales of 15,818 cars (2020: 10,266), followed by XC60 at 14,463 cars (9,774) and XC90 at 6,808 cars (4,852).
Volvo Cars had good global sales in February, after the Chinese company posted 29.1% growth for the first two months of the year compared with the same period last year. Total sales amounted to 110,383 cars, as the US, Europe and China reported increases. The main factor was an ongoing recovery from the Covid-19 pandemic in China compared to last year, a solid performance in the US and increased sales in Sweden, said Volvo.
In China, Volvo Cars sold 29,243 cars in the first two months of the year, up 160.6% year-on-year, as the company managed to more than recover lost sales due to Covid-19 shutdowns last year. For the month of February, Volvo Cars sold a total of 50,795 cars, up 27.8% compared with the same month last year, and the company’s best February sales performance ever. Continue reading









SEC Starts Task Force on Climate Change Investment Risks
The tip of the regulatory iceberg?
The Securities and Exchange Commission today announced the creation of a Climate and ESG* Task Force in the Division of Enforcement. The task force will be led by Kelly L. Gibson, the Acting Deputy Director of Enforcement, who will oversee a Division-wide effort, with 22 members drawn from the SEC’s headquarters, regional offices, and Enforcement specialized units. The Climate and ESG Task Force will develop initiatives to proactively identify ESG-related misconduct. The task force will also coordinate the effective use of Division resources, including through the use of sophisticated data analysis to mine and assess information across registrants, to identify potential violations.
What this means, in short, is that things are getting tougher for companies that are part of the global warming crisis or want to profit from investors who wish to support firms that are run on an environmentally friendly basis. Environmental, social, and governance (ESG) criteria are an “increasingly popular way for investors to evaluate companies in which they might want to invest,” said the SEC. Continue reading →