Geely's Volvo Cars sales soar 40% in May vs. month-ago as virus curbs ease

STOCKHOLM (Reuters) - Volvo Cars, owned by China's Geely Holding [GEELY.UL], said on Wednesday it sold 40% more cars in May than in April, as restrictions to contain the spread of the COVID-19 pandemic started to ease in several markets.While still down 25.5% in May from a year earlier, the Swedish car maker sold 44,380 cars in the month compared to the 31,760 sold in April, helped by improving showroom traffic trends in Europe, a quicker than expected recovery in the United States, and strong..