The Latest Breaking News from Volvo Cars

Tech restrictions and tariffs show “we’re going into a more regional world” said the head of the Swedish automaker.

Rising tariff uncertainty and higher material prices, among other factors, has resulted in several European car companies to implement drastic cost-cutting measures.

Volvo isn't off to a good start in 2025. After posting record sales and profits last year, the Swedish automaker is going into a cost-cutting frenzy to try to stay on top of its game. That’s because the results for this year’s first quarter are in, and it’s bad.

Volvo Cars's Chief Executive Officer, Jim Rowan, will step down today. The company’s board of directors voted to replace him after three years at the helm of the Swedish automaker. Rowan, who was also the automaker's President, will be replaced by Håkan Samuelsson, who will serve a two-year term starting…

President Donald Trump's tariffs on auto imports will deal a heavy blow to European carmakers, especially German manufacturers, which rely on the US markets for a big chunk of their profits.

Sweden's Volvo Cars, owned by China's Geely Group, said Thursday that annual profits rose in 2024 despite a final quarter slowdown but that the outlook for this year is tougher.

Plans are further blow to Europe’s hopes of creating a homegrown electric car battery

Sweden's Volvo Cars on Wednesday drastically cut its sales forecast for the year, saying car markets in China, Europe and the United States are "increasingly under pressure."

Hyundai Mobis to build electric car components plant in Novaky, Slovakia, as Volvo Cars plans entry, boosting country's automotive industry.