Sweden-based Volvo Cars is booking a impairment charge of 11.4 billion crowns ($1.2 billion) in the second quarter related to ...

Due to import tariffs the company is currently unable to sell the Volvo ES90 profitably in the United States,” the company ...

Facing a 25% US tariff, the Geely-owned carmaker struggles to roll out two of its latest electric-powered cars.

Volvo’s electric transformation continues with the 2026 Volvo ES90, an all-new EV that blends traditional sedan styling with hatchback practicality. While it replaces the gas-powered S90 in some ...

Launch delays and tariff issues associated with its all-electric ES90 sedan and EX90 SUV will result in a $1.2B impairment ...

Volvo Cars said it has scaled back its U.S. model lineup this year, among the first examples of a major automaker halting U.S ...

Volvo makes cars in several plants around the world, including in South Carolina, as well as in Sweden and in China.

Volvo Cars has disclosed a significant one-off non-cash impairment charge of Skr11.4bn ($1.19bn) for the second quarter (Q2) of 2025, ...

As noted by Reuters, Volvo is particularly exposed to the tariffs. While it does build some models at a plant in South Carolina, including the EX90, most of its vehicles are produced either in China ...

Volvo Cars plans to start U.S. production of its XC60 SUV from late 2026 in South Carolina. The model's U.S. sales rose 23% ...

Volvo Cars announced on Thursday it had swung into loss in the second quarter, after it took an impairment charge for its ...

STOCKHOLM ― Sweden-based Volvo Cars is booking an impairment charge of 11.4 billion crowns ($1.2 billion) in the second quarter related to its ES90 and upcoming EX90 models, due to tariffs and launch ...