The Latest Breaking News from Hakan Samuelsson

It was more than four years ago when Volvo announced it would go fully electric by the end of the decade. But reality soon set in, showing that the rise of EVs wasn’t unfolding as quickly as the Geely-owned company had hoped. The Swedes have since abandoned their EV-only pledge…

After posting a $1 billion operating loss in the second quarter, Volvo just had its fifth and biggest consecutive sales drop in July.

Volvo builds the S60 and the EX90 in the United States. But the company has to import the rest of its lineup from overseas. That could be a problem, as President Donald Trump has placed a 25-percent tariff on imported vehicles, and threatened today to implement a straight 50 percent duty on all…

Volvo is in cost-cutting mode after a disappointing first quarter. But slashing almost $2 billion in spending alone isn't going to put it on the right track, so the Swedish automaker is scrambling to reorganize the way it builds and ships cars around the world.