Volvo cars, which is majority-owned by China's Geely, said in a statement it sold 62 858 cars in June, a 12% drop from a year earlier.

The group, which in April withdrew its earnings forecast for the next two years in the face of tariffs, said sales of fully electric cars fell 26% to account for 22% of total sales volumes. 

Sales of electrified cars as a whole, also including plug in hybrids, were down 19% to account for 44% of total sales volumes.

Volvo cars said in May it would cut 3000 mostly white collar jobs as it struggles with cost increases, a slowdown in electric vehicle demand and global trade uncertainty.

Its sales volumes in Europe were down 14% while in the United States and China they were down 7% and 3%, respectively. 

Shares in the company were up 1% in early trade, taking a year-to-date fall to 27%. 

Volvo cars did not comment on the sales figures in the statement.

--Reuters--