Volvo has reported a revenue of SEK65.3bn ($9.75bn) for the first half of 2012, an increase of 3.9%, compared to SEK62.9bn ($9.5bn) for the same period in 2011.
For the first half of 2012, the company posted a net loss of SEK254m ($37m), compared to a net income of SEK1.2bn ($1.8bn) for the same period last year.
EBIT was SEK239m ($35.5m) for the first six months of 2012, compared to SEK1.52bn ($223m) for the same period previous year.
The company sold 221,309 cars in the first six months of 2012, down 4.1%, compared to 230,746 cars for the same period in 2011.
In China, the company's sales rose 1.7% to 21,378 cars, while the eurozone crisis affected sales in Europe that dropped over 9%.
The company's sales dropped 4% in the US while sales increased in both Russia and Japan.
Volvo Car president and CEO Stefan Jacoby said that the all-new V40, launched this spring, will start to support sales in the second part of 2012.
"Another important product launch was the V60 Plug-in Hybrid, the first proof point of our ambition to develop Volvo Car Group into a leading actor in car electrification," Jacoby said.
