#volvocars

Sweden Herald - Latest Sweden News | Trump's new tariff threat hits Volvo Cars, leaving it uncomfortable by Sweden Herald AI generated summary, Read the full article for complete information. President Donald Trump has warned that tariffs on European‑made cars exported to the United States could rise from 15 % to 25 % as early as next week, a move he says is meant to punish the EU for not honoring trade agreements. While the threat is part of a broader series of trade warnings that have yet to materialize, analysts say Volvo Cars could be the most exposed, because only a small fraction of its U.S. sales—about 120‑125 000 vehicles annually—come from its Charleston, South Carolina plant, which produces the EX90 SUV and will soon add the XC60. With U.S. electric‑vehicle subsidies recently withdrawn, Volvo’s U.S. sales have already fallen 32 % in the first quarter, and additional tariffs would further strain the automaker’s already challenging market position. Read more: https://swedenherald.com/article/trumps-new-tariff-threat-hits-volvo-cars-leaving-it-uncomfortable #DonaldTrump #VolvoCars #EuropeanUnion #Handelsbanken #HampusEngellau #TruthSocial #businessnews

Sweden Herald - Latest Sweden News | Chinese wall of competitors meets Volvo Cars at Beijing Auto Show by Sweden Herald AI generated summary, Read the full article for complete information. Volvo Cars wrapped the Beijing Auto Show by highlighting the fierce competition it faces in China’s massive, increasingly electric market, where roughly 1,500 models—most of them new‑release EVs from domestic brands—dominate the exhibition. CEO Håkan Samuelsson explained that selling a European‑developed car assembled in China is no longer enough; Volvo must localise design, software and procurement through deeper ties with its Chinese owner Geely, creating “China for China” vehicles. Yet the surge of Chinese manufacturers, including newcomers like robot‑vacuum maker Dreame, backed by government incentives, intensifies pressure on Western automakers, echoing past challenges from Japanese entrants in Europe. The competitive landscape contributed to a 17 % drop in Volvo’s Q1 2026 sales in China to 28,330 units, even as sales of its electrified models jumped 116 % to 7,604. Read more: https://swedenherald.com/article/chinese-wall-of-competitors-meets-volvo-cars-at-beijing-auto-show #VolvoCars #HkanSamuelsson #Geely #BYD #Xpeng

Sweden Herald - Latest Sweden News | Volvo Cars better than expected with first-quarter operating profit of SEK 1.6 billion by Sweden Herald AI generated summary, Read the full article for complete information. Volvo Cars announced a first‑quarter 2026 operating profit of SEK 1.6 billion, far surpassing the market’s SEK 990 million forecast, though still below the same period a year earlier. CEO Håkan Samuelsson highlighted stronger‑than‑expected revenues, a record‑high share of electric‑vehicle sales, and progress in cost and cash‑flow initiatives, while noting a challenging environment—especially in the US and China where demand for electrified cars has fallen after subsidies were withdrawn. The firm warned that continued market pressures and the ramp‑up of the new EX60 model could affect the second quarter, and its Stockholm‑listed shares have dropped over 25 % this year. Read more: https://swedenherald.com/article/volvo-cars-better-than-expected-with-firstquarter-operating-profit-of-sek-16-billion #VolvoCars #HkanSamuelsson #China #EX60model #Europeanmarket