News

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 ...
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 ...
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 ...
Volvo taking $1.2 billion charge for U.S. tariffs, EX90 launch delay
The U.S.-built Volvo EX90 was delayed by more than a year for software-related issues. Volvo Cars said it will take a ...
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 to take $1.2B impairment charge on launch delays, tariff costs
Launch delays and tariff issues associated with its all-electric ES90 sedan and EX90 SUV will result in a $1.2B impairment ...
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 ...