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.
CarsVolvo 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.
CarsThe Stockholm Stock Exchange ended the first quarter with a sharp decline. The broad OMXS index fell 1.7 percent, which meant that the year's stock market rise was erased. Concerns ahead of Wednesday's announcement of new tariffs from the Trump administration are shaking the market.
BusinessHåkan 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.
CarsQuieter, faster charging and record-long range. This is what Volvo Cars promises with its new electric car model ES90. The price tag: at least 929,000 kronor.
BusinessIt 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.
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