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Tag Archives: Håkan Samuelsson
Volvo Cars Posts Q2 2025 -10B SEK Loss
Volvo Cars (VOLCAR-B.STO) said today that it posted a Q2 group operating profit (EBIT) of SEK -10.0 billion. The gigantic loss followed a warning this week that it would take an impairment charge( read AutoInformed.com on: Chinese Trade Wars – Volvo Q2 2025 Impairment Charge). The Chinese owned company also said that it would build its best-selling car in the U.S. in South Carolina starting in late 2026 (Volvo Cars to Build XC60 SUV in Ridgeville). The loss, down from a profit of 8B SEK year-over year, appears to have surprised analysts who thought the loss would be much higher.
“The market continued to be challenging in Q2 as well,” said Håkan Samuelsson, President and CEO of Volvo Cars. “Demand remains under pressure from the macroeconomic environment, tariff-related uncertainties and tougher competition. However, our turnaround actions are starting to show results. In a Q2 market with headwinds we made a clear improvement of free cash flow versus Q1 and our EBIT margin excluding items affecting comparability was slightly higher.”
Posted in auto news, financial results, manufacturing, marketing, mobility company, news analysis, results, sales, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, electric Volvo EX60, Geely Holding, Håkan Samuelsson, Ken Zino, X @KenAutoinformed, XC70
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Volvo Cars to Build XC60 SUV in Ridgeville
Volvo Cars (VOLCAR B:STO) said today it will add its XC60 mid-size SUV to the production line of its US car plant in Ridgeville, South Carolina. The plant also assembles the fully electric EX90. The XC60 is scheduled to start production there in late 2026.
“Adding the XC60 to our Charleston production line will further strengthen its position and attractiveness in the competitive US market, while supporting and creating American manufacturing jobs,” said Håkan Samuelsson, CEO of Volvo Cars. “It is also in line with our ambition to build where we sell and reinforces our long-term commitment to the US market, where we are celebrating our 70th anniversary and have sold over 5 million cars.” Continue reading
Volvo Cars Selling New XC70 PHEV in China
The new Volvo (VOLCAR-B.STO)* XC70 SUV is Volvo Cars’ first long-range plug-in hybrid with an all-electric driving range of more than 200km (~124 miles) based on the CLTC testing cycle . This is the longest of any Volvo plug-in hybrid to date. No surprise that given its Chinese ownership customers can now pre-order the SUV in China. Yes, China – Europe, North America, and Scandinavia can wait. Volvo Cars said today it plans to bring the car to Europe at some later unspecified time. Continue reading →