News | Latest Breaking News Stories & Headlines

As well as a 27.5% tariff imposed on European-made Volvo cars entering the US, it has also been hit by a 25% tariff on auto parts as well as on steel and aluminium

Volvo Cars' Q2 operating profit beats expectations

Volvo Cars today reported a sharp decline in second-quarter operating profit that nonetheless exceeded analyst expectations, sending shares up, though the company continues to face headwinds from tariffs and softening demand.

Business • 17 Jul

Polestar, backed by China's Geely Holding, is set to benefit from today's US-China deal on tariffs

Polestar narrows quarterly loss on improved demand

Swedish electric-vehicle maker Polestar has reported a 31% reduction in its quarterly loss, in a sign that the company's efforts to cut costs across its business and push sales of its higher-priced models were bearing fruit.

Business • 12 May

Volvo Cars' said its sales hit 78,970 in March - an all-time high for global sales in a single month

Volvo Cars' sales motor 25% higher in March

Volvo Cars sold a record number of cars in March, boosted by the launch of its fully electric small SUV, the Swedish company said today.

Business • 04 Apr 24

Volvo said it expected to continued sales growth in 2022, though uncertainty due to the lingering effects of Covid remains high

Volvo Cars says supply chain woes remain, profit lags

Volvo Cars has today posted fourth-quarter earnings below expectations pressured by global supply shortages despite strong demand for its vehicles.

Business • 11 Feb 22

Volvo Car Group said sales fell 10.6% from a year ago in August, despite strong underlying demand

Volvo Cars warns on sales as supply woes dent output

Sweden-based automaker Volvo Car Group has warned today that that sales volumes in the second half of 2021 could fall year-on-year after it was forced to cut production due to material shortages.

Business • 03 Sep 21

Volvo is aiming to take full ownership of its factories and sales business in China - the world's biggest auto market

Volvo to buy parent Geely Holding's stake in China JVs

Sweden's Volvo Car Group has struck a deal to buy out parent company Geely Holding from their joint ventures in China.

Business • 21 Jul 21

Volvo said sales in the second half of 2020 were the strongest in its history, while full-year sales dropped 6.2% to 661,713 cars

Volvo sees 6% December sales rise as recovery continues

Volvo Cars said today that its sales grew by 6% in December, marking a continued sharp recovery from the lows earlier this year in the wake of the Covid-19 pandemic.

Business • 07 Jan 21

China's Geely Holding to buy an 8.2% stake in Swedish truck maker AB Volvo

Geely takes $3.3 billion stake in Sweden's AB Volvo

China's Geely Holding, which already owns the Volvo Car Group, is buying an 8.2% stake in Swedish truck maker AB Volvo from activist investor Cevian Capital for around $3.3 billion.

Business • 27 Dec 17

Geely Holding