Volvo Cars' 5% decline in European markets comes after it decides to distribute 62.7% of its Polestar stake to shareholders, aiming to refocus resources for transformation.
Breaking News
If you always forget your car keys, don't worry because Volvo has an innovative way to solve your problem. By 2017, the car maker will unveil its commercially-available cars installed with the digital car key technology to access your car and drive it even without a physical key with the help of a smartphone.
Cupertino, US-based tech giant Apple launched its new CarPlay feature for safer in-car iPhone use, which will be integrated first into Ferrari, Mercedes-Benz, and Volvo vehicles.
European stocks rebounded with Volvo and EasyJet as top gainers.
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