News

Volvo Cars books $1 billion impairment charge due to tariffs, launch delays
Sweden-based Volvo Cars is booking a impairment charge of 11.4 billion crowns ($1.2 billion) in the second quarter related to ...
Volvo takes $1.2 billion charge over tariffs and EV model delays
Due to import tariffs the company is currently unable to sell the Volvo ES90 profitably in the United States,” the company ...
A Costly Mistake And A Doomed Flagship EV Cost Volvo Over A Billion Dollars
Tariffs are impacting the brand-new ES90 and Volvo said the high fees prevent them from profitably selling the car in the ...
Will Tariffs Bring Volvo’s Popular SUVs to American Factories?
Rising tariffs are pushing Volvo to make a big move. Discover how import costs are influencing the decision to bring ...
UK's FTSE 100 closes at record high despite Europe losses; Volvo Cars flags $1.2bn impairment charge
The dour mood for European markets comes after U.S. President Donald Trump announced at the weekend that he would impose a 30 ...
Tariffs Could Finally Push Volvo To Build Its Best Sellers In America
Volvo’s Ridgeville, South Carolina plant builds the EX90 but, as we noted yesterday, buyers are few and far between. Through ...
Volvo posts Q2 operating loss; turnaround plan ‘fully on track’, says CEO
Volvo Cars has reported a group operating profit (EBIT) of SEK -10.0 billion for the second quarter of 2025, a result that reflects a persistently challenging environment for the global automotive ...
Volvo Cars to start mid-size SUV production at US plant next year
Sweden's Volvo Cars said on Wednesday it would start producing its XC60 mid-size SUV in its plant in South Carolina, United ...