ECONOMY

Volvo recalls 1 million cars at risk of catching fire

Volvo is to recall more than a million vehicles worldwide because some of the components in the motor are at risk of melting, a spokesman said on Saturday.

In the worst-case scenario, the problem could lead to engines catching fire, the spokesman said. However, Volvo has not received any complaints of this happening.

According to Swedish broadcaster SVT, the problem affects models with four-cylinder diesel motors manufactured between 2014 and 2019. This includes the V40, V60, V70, S80, XC60 and XC90.

The is the second piece of bad news for the Chinese-owned manufacturer this week: On Thursday, reported a sharp drop in profits in the second quarter of 2019, despite a significant increase in sales.

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