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The Latest Breaking News from Volvo Cars

Volvo Cars to slash costs worth billions following weaker performance

Volvo Cars cited a planned inventory reduction, as well as wider global auto industry turbulence as reasons for its lagging first quarter performance.

Euronews

Volvo Goes Into Cost-Cutting Mode

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.

InsideEVs

Volvo’s CEO Is Out

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…

InsideEVs

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Trump Tariffs To Hit European Automakers Hard

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.

International Business Times

Volvo Cars Anticipates Bumpy 2025 As Demand Slows

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.

International Business Times

Volvo Cars to buy out Northvolt from jointly owned gigafactory in Sweden

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

The Guardian - UK

Volvo Cars Cuts Sales Forecast On Market Headwinds

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."

International Business Times

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Hyundai Mobis To Build Electric Car Parts Plant In Slovakia

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

Top News

Why has Volvo scrapped plans to be fully electric by 2030?

“We will be fully electric probably in 50% of the market way before 2030, but in the other 50%, it’s going to take a lot longer," CEO Jim Rowan told Fortune.

Fortune

EX30 Boosted Volvo Global EV Sales To Another Record In June 2024

In June Volvo's global plug-in electric car sales increased by 41% year-over-year to a new record of 34,382, including 18,435 all-electric cars.

InsideEVs

CEO Agenda: The secrets of success with Jesper Brodin, CEO of IKEA

CEO Agenda provides unique insights into how leaders think and lead and what keeps them busy in a world of constant change. Today we meet Jesper Brodin, CEO of IKEA.

Fortune

Volvo EX30 Sales Hit A New Record: 11,000 In May 2024

Volvo's plug-in electric car sales in May increased by 37% year-over-year to 32,768. This brought the rechargeable car share to a new record of 48.2%.

InsideEVs

Volvo EX90 Production Started In Charleston, South Carolina

Today, Volvo Cars announced the official start of series production of its all-new Volvo EX90 model at its factory outside Charleston, South Carolina.

InsideEVs

Why Volvo’s focus on safety and ‘human-centric technology’ are anchor points during turbulent times

Volvo CEO Jim Rowan on the benefits of driving in the 'premium' lane.

Fortune

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InsideEVs

Polestar 5: Everything We Know

The Polestar 5 is the latest model slated to debut from the Swedish automaker. A spinoff from Volvo Cars, the Polestar brand focuses solely on performance-oriented electric vehicles.

InsideEVs

Volvo Global EV Sales Almost Doubled In April 2024 Thanks To EX30's Surge

Volvo's plug-in electric car sales increased in April by almost 53% year-over-year to 31,523. This brought the rechargeable car share to a new record of 47.9%.

InsideEVs

Volvo Global EV Sales Hit A New Record In March 2024, Thanks To The EX30

Volvo's plug-in electric car sales in March reached a new monthly record of 33,558 (up 24% year-over-year). That's 42.5% of that brand's total volume.

InsideEVs

Volvo Global EV Sales Hit A New Record Share In February 2024

In February, Volvo's global plug-in electric car sales increased by nearly 8% to 22,266, reaching a new record share in the brand's total volume of 44.3%.

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Top News

Volvo Cars Reports 2% Decrease In February Sales Volume

Volvo Cars faces a 2% sales decrease in February but remains committed to safety, innovation, and sustainability in the automotive industry.

InsideEVs

The Polestar 3 Can't Come Soon Enough

Polestar announced that production of the Polestar 3 model has started in China. In the middle of 2024, the Polestar 3 will enter production in the U.S.

InsideEVs

Volvo Global All-Electric Car Sales Improved In January Thanks To EX30

Volvo Cars reported 53,402 global car sales in January, 10% more than a year ago. However, the company's plug-in car sales noted a slight decline.

InsideEVs

Volvo Stops Funding Polestar As Geely Prepares Bailout

Volvo's gas and plug-in sales have been increasing steadily, while Polestar has been somewhat struggling to take off.

InsideEVs

Volvo Boss Is Confident EVs Will See ‘Tremendous Growth’

Volvo Cars CEO Jim Rowan doesn’t seem to agree with some of the gloomy predictions floating around. But is he right?

InsideEVs

In 2023 Volvo Global Plug-In Car Sales Exceeded 265,000

In December, Volvo plug-in electric car sales amounted to 28,461 (down 11% year-over-year). Both, all-electric and plug-in hybrid car sales were down.

InsideEVs

Volvo Just Opened 50 Fast Chargers Across 15 U.S. Starbucks Locations

Volvo Car USA and Starbucks are installing public EV fast charging infrastructure at some of the coffee company’s U.S. stores.

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