Despite software upgrades and planned volume growth, the EX90’s profitability is reduced due to delays and higher development ...

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

Tariffs are impacting the brand-new ES90 and Volvo said the high fees prevent them from profitably selling the car in the ...

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

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 ...

Geely’s Volvo Cars is set to bolster its US manufacturing operations by adding the XC60 mid-size SUV to its production line ...

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

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 ...