Volvo to Slash U.S. Line-Up in Bid to Reverse Sagging Sales

Volvo to Slash U.S. Line-Up in Bid to Reverse Sagging Sales

Liesa Johannssen/Bloomberg

Volvo Cars, the Swedish carmaker owned by Zhejiang Geely Holding Group Co. of China, will slash the number of models it offers in the U.S. to focus on its best-selling vehicles in a bid to reverse years of declining sales.