Volvo Cars will book a one-off charge of SKr11.4bn ($1.2bn) as the Swedish group forecast smaller profits from two critical ...

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

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

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

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

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

The dour mood for European markets comes after U.S. President Donald Trump announced at the weekend that he would impose a 30 ...

Volvo’s U.S. sales have grown 6 percent so far this year, reaching 64,680 units by midyear. Even with that upward trend, the ...

Sweden-based Volvo Cars reported on Wednesday a fourth straight month of falling sales volumes, pressured by trade tariffs ...

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STOCKHOLM (Reuters) -Sweden-based Volvo Cars will book a one-off, non-cash impairment charge of 11.4 billion Swedish crowns ...

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