Cars

Canada Imposes 25-Percent Tariffs on US Cars in Trade Dispute

Volvo's Shift to Electric Cars Faces Scrutiny as Diesel Demand Persists

Pressed Volvo Cars may have chosen the wrong path. That assessment makes Aktiespararna. Maybe they should have continued with diesel cars for a longer period, says Mats Ekberg, who represents the interest organization.

Volvo Cars Boosts US Production in Response to Trump's Tariffs

Volvo Cars is forced to adapt to President Donald Trump's 25-percent tariffs on car imports to the USA. The solution: More production in the USA. However, it is not a threat to Swedish layoffs in the current situation, according to the newly reappointed CEO Håkan Samuelsson.

Volvo Cars Sees 10 Percent Drop in March Sales, Electric Models Hit Hard

Volvo Cars is facing headwinds on the market. Sales fell by 10 percent in March this year compared to last year. The decline is most pronounced for fully electric cars, which plummeted by 26 percent, the company writes in a press release.

Volvo and Major Automakers Fined 458 Million Euros for Cartel Involvement

The EU has imposed fines totaling 458 million euros, equivalent to approximately 4.9 billion kronor, on 15 vehicle manufacturers and the industry's employer organization (ACEA) for participating in a cartel.

Tesla Faces Significant Decline in Swedish Car Registrations

The registration of new cars increased slightly in March, according to statistics from the industry organization Mobility Sweden. But for the American electric car manufacturer Tesla, it's pointing steeply downward.

Trump's Global Car Tariffs Begin as Broader Trade Measures Loom

On Thursday, Donald Trump's car tariffs come into force globally. But before that, announcements about new comprehensive tariffs may come.

Håkan Samuelsson Returns as Volvo Cars CEO to Drive Electric Future

Håkan Samuelsson returns to Volvo Cars and becomes the new CEO and group CEO. Jim Rowan is leaving both the CEO position and the car manufacturer's board of directors as early as Monday after three years in the position.

Trump's Tariff Plan Could Drive Up Car Costs, Impact US Market

A blow to the USA's car market where consumers will have to pay an extra cost of tens of thousands of kronor. This will be the consequence of President Donald Trump's latest tariff gamble, assesses automotive analyst Hampus Engellau. If they now become a reality, that is.

Wall Street Dips as US Car Giants Slide on New Tariff Announcement

The New York stock exchange fell again on Thursday. A feared global trade war in the wake of the USA's import tariffs is pouring fuel on already existing fears in the American economy.

US Car Tariffs Threaten Swedish Auto Industry, Warns Dousa

The President of the USA, Donald Trump, is introducing 25-percent tariffs on all vehicles and vehicle components manufactured outside the USA from April 3 and May 3, respectively. We want to avoid such a scenario, says Minister for Development Cooperation and Foreign Trade Benjamin Dousa (The Moderate Party).

European Car Stocks Drop After US Tariff Announcement

US Implements 25% Car Tariffs to Boost Domestic Production

USA's President Donald Trump is introducing 25-percent tariffs on all vehicles and vehicle components manufactured outside the USA from April 3 and May 3, respectively. This is not a negotiating tactic. They mean business in their attempt to strengthen car production in the USA, says US economist Elisabet Kopelman.

Japanese Car Stocks Tumble After Trump's Tariff Announcement

Japanese car manufacturers plummet on the Tokyo Stock Exchange since USA's President Donald Trump announced 25-percent tariffs on all vehicles manufactured outside the USA.

Tesla's EU Sales Drop 49 Percent as Electric Car Market Grows

Tesla's sales within the EU plummeted by 49 percent during the year's first two months, compared to the same months the previous year. During the same period, the sales of electric cars in the EU increased by nearly 30 percent.

Tesla Surges in Norway with Model Y Leading Car Sales

Car Exports to USA Surge Ahead of New Tariff Threats

It appears a clear increase in car exports to the USA ahead of President Donald Trump's next round of tariffs, which is expected on April 2. Our customers' volumes from Asia are larger than what we can handle, says Lasse Kristoffersen, CEO of the shipping company Wallenius Wilhelmsen to Financial Times.

Mercedes launches new electric car – challenging Tesla

The German car manufacturer Mercedes-Benz has launched a new smaller electric car, a CLA sedan. The car is said to have a range of 79 miles and a price tag that challenges the smaller electric car models from Tesla and Chinese BYD.

CEO: Geopolitical crisis can be a boost for Scania

The Scania CEO Christian Levin is worried about the geopolitical crisis in the wake of the Trump administration's takeover. But signals that Europe – with Germany at the forefront – is facing massive investments in defense and infrastructure could put money in the coffers for both Scania and the German parent company Traton.

Record bonus for Scania employees

The truck manufacturer Scania is hitting with a record bonus to the employees. The message to approximately 20,000 coworkers comes in connection with the financial report for 2024. But the parent company Traton's share falls after an unexpectedly weak forecast.

Trump's Tariff Reprieve: What It Means for US Automakers and Trade

The White House is giving the American automotive industry a month's reprieve from the 25-percent tariffs on goods from Canada and Mexico. The automotive sector is the obvious own goal for the USA, says economist Elisabet Kopelman.

Volvo's February Sales Rise Despite Dip in Electric Car Demand

EU Eases Emission Rules: More Time for Car Makers, Battery Boost

The European car industry may avoid billion fines when they get more time to comply with emission regulations. And now the EU Commission is also signaling direct support to battery manufacturers.

Electric Car Registrations Surge 32% in February, Tesla Sales Plummet

The registration of new private cars increased by 4.5 percent in February compared to the same period last year.

Polestar secures new multi-billion loan

The Armed Forces Buy Billion-Worth of Trucks

The Defence Materiel Administration (FMV) is ordering 775 trucks, with options for an additional 575 vehicles, from Scania and Volvo.

The number of new electric cars decreases – a trend break

The number of newly registered passenger cars decreased last year. The decline is most pronounced among the pure electric cars – which are losing for the first time since the measurements were introduced, announces the Transport Agency.

Exclusive sports cars to be built in Trollhättan by T-Engineering

Saab and Nevs disappeared. But now exclusive sports cars will start being built in Trollhättan – and that already next week.

Trump talks about new tariffs on cars

USA's President Donald Trump says that he is likely to introduce import tariffs on cars of around 25 percent and that a decision is likely to come on April 2.

Northvolt sells factory to Scania

Northvolt sells parts of its operations to Scania.

The People's Share That Flopped – Volvo Cars Stuck in a Ditch

It was the most popular stock exchange listing since Telia. But the over 160,000 small investors have been severely tested. With another stock market crash in Volvo Cars last week, only a quarter of the value remains since the peak, winter 2022.

The Stockholm Stock Exchange Soared – Volvo Cars Slowed Down

The Stockholm stock exchange ended the trading day in a sunny mood. The OMXS index rose 1.4 percent. For Volvo Cars, it was heavier. The brake slammed on after a report and the stock slid down to its lowest level ever.

A Transitional Year for Volvo Cars Causes the Share to Plummet

A record year that ended weakly. Now Volvo Cars is bracing for continued challenges on the car market in 2025 – and the stock plummeted on the stock exchange. It will be an intermediate year, says the company's finance chief Johan Ekdahl to TT in connection with the company's quarterly report.

Car Giants' Merger on the Brink of Collapse