Volvo pushes EU for lower US auto tariffs
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Volvo will begin producing its top-selling XC60 SUV at its Ridgeville plant by late 2026, expanding U.S. manufacturing and supporting American jobs.
The newly refreshed XC60 will be localized in the latter part of 2026, most likely hitting dealership lots for the 2027 model year
Volvo Cars announces production of the XC60 SUV at its US plant, enhancing local manufacturing and meeting customer demand.
Volvo Cars has identified the next vehicle it will build at its SC plant, a move designed to accelerate U.S. sales while reducing its exposure to new tariffs.
Volvo Cars announced plans Wednesday to add its best-selling XC60 mid-size SUV to the production line at its Ridgeville plant, located outside Charleston.The
Volvo announced it will start building the XC60 SUV right here in America. It's one of Volvo's hottest commodities, comprising 33% of all sales in the U.S. It recently overtook the classic 240 as the best-selling Volvo ever.
Shares of Volvo Cars jumped as much as 10% on Thursday after the Sweden-based automaker beat analysts’ expectations.
With European roots and a Chinese majority owner, Volvo Cars is one of the automakers most exposed to President Trump’s trade war. Its response under new Chief Executive Håkan Samuelsson came together this week: cut expectations;
Volvo’s Ridgeville, South Carolina plant builds the EX90 but, as we noted yesterday, buyers are few and far between. Through the first six months of the year, Americans only bought 1,972 of them. That compares to the 3,004 XC90s and 2,421 XC60s that were sold in June alone.
Volvo Cars will book a one-off charge of SKr11.4bn ($1.2bn) as the Swedish group forecast smaller profits from two critical vehicle models due to US President Donald Trump’s car tariffs and launch delays.