Volvo Cars' B share is in free fall after the first reviews of the new EX90, which is neither fully nor half finished, have been published.
The so-called b share at Volvo, Volcar-b, is in free fall. Over the past five days, the value has plummeted by as much as 14.62 percent.
Things started to go wrong when the embargo on reviews of the new EX90 electric car was lifted on 3 September.
It shows a settlement from Yahoo! Finance , which draws figures from the stock exchange in Stockholm, where Volvo's b-share is listed.
The reviews reveal a car that is neither fully nor half finished. And as Volvo's technicians have had to start with a laptop several times. Read more about it here .
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The cars also lack several features that customers have already paid for. Blue. several assistant systems and Apple CarPlay do not work when the first customers receive their cars. Still, Volvo raises the price of the car in several markets. Blue. in the United States.
The EX90 is already delayed by a year because Volvo decided at the last minute to make it a pure electric car. That was otherwise the intention of a plug-in gasoline as an alternative.
Instead, petrol comes as the powertrain in a facelifted XC90. And that has given the electric car a lot of problems.
Blue. the self-coring technique does not work, the car uses too much electricity when it is parked. And it is already rumored that Volvo will have to change one or more computers in the car. They are simply outdated already.
Perhaps that is what has caused the air to go out of Volvo stock. Because it has only gone one way since the first reviews of the EX90 were published – namely downwards.
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