Volvo wants to build another car in SC while cutting $1.9B in costs globally

RIDGEVILLE — Volvo Cars plans to cut $1.87 billion in expenses while it continues to explore how it will boost production at its Lowcountry factory to counter the new 25 percent tariffs on vehicles it imports to the U.S. market. CEO Håkan Samuelsson, who …

Analysis-Troubled by Trump’s tariffs, Volvo Cars’ new CEO turns to Chinese owner Geely

Audio By Carbonatix STOCKHOLM (Reuters) – Under pressure from U.S. President Donald Trump’s tariffs, Volvo Cars’ new CEO Hakan Samuelsson is juggling the task of working with Chinese majority owner Geely to cut costs with attempting to keep selling cars to …

Volvo Cars to slash costs worth billions following weaker performance

Swedish auto giant Volvo Cars reported on Tuesday that it would be slashing 18 billion krona (€1.7bn) worth of costs, following its operating profit for the first quarter of the year falling significantly.  The company, which is owned by China’s Geely …

Here’s how Volvo plans to overcome Trump’s tariffs with new EVs arriving

Volvo is launching a nearly $2 billion (SEK 18 billion) restructuring plan to drive growth and mitigate the impact of Trump’s tariffs. With the new EX30 and ES90 EVs rolling out, Volvo is taking drastic action to drive growth. After its operating income …

Volvo Cars shares sank after it announced plans to cut costs by almost $2 billion on falling profits

Volvo Cars shares plunge on earnings fall, withdrawn guidance and major cost-cutting drive

Mikael Sjoberg | Bloomberg | Getty Images Swedish-based automaker Volvo Cars on Tuesday announced cost-cutting plans of 18 billion Swedish krona ($1.87 billion) and withdrew financial guidance as its operating profit fell sharply in the first three months …

Poor First-Quarter Numbers Force Cost-Cutting Measures At Volvo

Volvo had a solid 2024, landing record sales numbers and profits, but the picture hasn’t been as rosy for the Chinese-owned Swedish automaker so far in 2025. Its first-quarter results showed massive drops in operating income, revenue, and sales, leading …

Porsche and Volvo Cars profits sink as industry reels from Trump tariffs

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Profits at Porsche and Volvo Cars fell sharply in the first quarter as the two carmakers warned of the toll on the industry from …

2025 Volvo EC40 Review: Plugged-In Scandinavian Elegance

•    Auto123 reviews the 2025 Volvo EC40. Volvo is a brand known for its safety and seriousness, so even changing a name seems like a big step for it. So it is that the 2025 EC40 seems almost audacious coming from the Swedish automaker. This new all- …

Volvo seeks CARB-24 certification for VNL, VNR engine

Volvo will apply for certification of a CARB-24 Omnibus compliant engine, the company said Tuesday.  The engine, built on the Volvo D13 VGT (Variable Geometry Turbo) platform, is designed to obtain certification at the 0.05g NOx rating with reduced …