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GlobalData on MSNVolvo Cars takes $1.2bn hit due to launch delays, new tariffsDespite an upgrade in software quality and a volume ramp-up plan, the Volvo EX90 will face decreased lifecycle profitability ...
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 ...
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 ...
U.S. tariffs of 27.5% on European-made cars and over 100% on Chinese imports have forced automakers to rethink their product ...
Sweden's Volvo Cars said on Wednesday it would start producing its XC60 mid-size SUV in its plant in South Carolina, United ...
Volvo Cars reported its first operating loss since its 2021 listing on US tariffs and restructuring costs, although investors ...
Rising tariffs are pushing Volvo to make a big move. Discover how import costs are influencing the decision to bring ...
Despite software upgrades and planned volume growth, the EX90’s profitability is reduced due to delays and higher development ...
Volvo’s Ridgeville, South Carolina plant builds the EX90 but, as we noted yesterday, buyers are few and far between. Through ...
Launch delays and tariff issues associated with its all-electric ES90 sedan and EX90 SUV will result in a $1.2B impairment ...
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