Tag Archives: Volvo Cars

Chinese Owned Volvo Cars to Import Lynk & Co Cars in Europe

Posted on 30 March 2026 by Ken Zino

“With this new arrangement, we will leverage our commercial system to support Lynk & Co’s growth ambitions in Europe,” said Erik Severinson, chief commercial officer at Volvo Cars. “At the same time, it enables Volvo Cars and our retail partners to address a wider customer base. With the support of our retailers and our commercial organization, Lynk & Co can achieve its true potential in Europe.” Continue reading →

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Volvo Cars – 2.5 Million Software Upgrades Are Now Free

Posted on 3 March 2026 by Ken Zino

“This update is one of the largest over-the-air updates in automotive history, leveraging years of investment in Volvo Cars’ tech stack to improve life with their cars for millions of people,” says Anders Bell, chief engineering and technology officer at Chinese-owned Volvo Cars. “Our new user experience delivers significant updates and improvement in areas most used by drivers, and directly addresses the needs and desires of our customers.” Continue reading →

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Volvo Cars Posts a -44% Group Earnings Drop in 2025

Posted on 5 February 2026 by Ken Zino

“Our actions in 2025 have set us on a path to return to growth. We are confident of our long-term strategy and clear direction of travel,” said Håkan Samuelsson, President and Chief Executive. During 2025, Chinese-owned Volvo Cars sold more than 710,000 cars, 46% of them electrified. Continue reading →

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Milestones – Volvo Cars One Millionth Plug-In Hybrid

Posted on 2 October 2025 by Ken Zino

Volvo Cars (VOLCAR-B.STO)* said today it reached a milestone in its electrification goal in September when it delivered its one millionth plug-in hybrid. The Chinese-owned company** is transitioning to becoming a fully electrified car maker with plug-in hybrids (PHEVs) as part of the plan. Volvo posted a significant loss in Q2 2025 as it was caught in the crossfire of President Trump’s ongoing tariff chaos.

“Volvo Cars is committed to a fully electric future, and we will get there in a pace that suits our customers,” says Erik Severinson, chief commercial officer at Volvo Cars. “Our plug-in hybrid cars are a crucial bridge towards that future for those customers who are not yet ready to go fully electric.” Continue reading →

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Chinese Trade Wars – Volvo Q2 2025 Impairment Charge

Posted on 14 July 2025 by Ken Zino

Chinese owned Volvo Cars (VOLCAR B:STO) today announced a SEK 11.4 billion (~$1.2B) non-cash impairment charge in Q2 of 2025. Volvo is adjusting the financial assumptions for the EX90 and ES90 platform, because of previous launch delays and import tariffs in several markets. Among other woes, Volvo can’t sell the ES90 profitable in the U.S. Volvo Cars will publish its second quarter 2025 financial results on Thursday, 17 July 2025 at 07:00 CEST. Continue reading →

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Volvo Cars Posts Record Sales, Revenue, Profits in 2024, but…

Posted on 6 February 2025 by Ken Zino

Volvo Cars (VOLCAR B:STO)* today posted a record-breaking year in 2024 with the highest full-year retail sales, revenues and core operating profit in its 98-year history. However, the Chinese owned company anticipates a turbulent 2025 “due to challenging market conditions,” aka Trump’s Trade and Tariff Wars.** “Full-year revenues exceeded SEK 400 billion for the first time in the company’s history, due to a new all-time sales record of 763,389 cars. Its full-year core operating profit of SEK 27 billion, excluding joint ventures and associates, was another record and up 6% compared to 2023. The core operating margin came in at 6.8%, up from 6.4% in 2023,” Volvo said. Continue reading →

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Chinese EV Trade Wars Hits Volvo Cars

Posted on 14 November 2024 by Ken Zino

Volvo Cars (VOLCAR B:STO) today announced the selling of its 30% stake in Lynk & Co to Zeekr, a transaction representing a consideration of RMB 5.4 billion (~ SEK 8 billion). The transaction will be paid in cash, with 70% of the amount paid at closing, and 30% plus interest paid one year after closing. The transaction is expected to close during the first quarter of 2025. Volvo Cars is currently trading near its all time low.

The transaction involves Volvo Cars (China) Investment Co., Ltd, an indirect subsidiary of Volvo Car AB, selling its share in Lynk & Co Automotive Technology Co., Ltd to Zhejiang Zeekr Intelligent Technology Co., Ltd, an indirect subsidiary of Zeekr Intelligent Technology Holding Limited. Continue reading →

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Volvo Cars Posts Q3 Profit of SEK 5.7 Billion off from 6.1B

Posted on 23 October 2024 by Ken Zino

“However, achieving these ambitions will not be straightforward since the weakness in the market has recently accelerated – a fact also echoed in revised industry forecasts for 2024 and 2025 by third-party analysts. Overall industry demand continues to soften and is now affecting the premium segment. Our journey towards 2026 will not be linear, as our industry is facing an increasingly volatile environment,” said Jim Rowan, chief executive for Volvo Cars. “Macroeconomic headwinds are intensifying, as is geopolitical complexity. Despite these challenges we demonstrated resilience during the third quarter of 2024, which is reflected in our overall financial performance.”

“Given this accelerating weakness in the market and Volvo Cars’ focus on safeguarding value over volume, the company expects minimal volume growth during the fourth quarter. As a result, it now anticipates full-year sales growth of 7-8%, instead of its earlier forecast of 12-15%,” Volvo said. Today Volvo Car AB closed at SEK 22.49, only 0.47% above its 52-week low of 22.38 set on 16 October 2024.
Continue reading →

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Volvo Cars and Nvidia Deepen Ties

Posted on 31 October 2018 by Ken Zino

The agreement deepens the existing collaboration and partnership between Volvo Cars and NVIDIA. Last year, the companies started joint development of advanced systems and software for self-driving cars. Adding advanced 360-degree perception capabilities and a driver-monitoring system, the core computer will help Volvo Cars safely introduce fully autonomous cars. Continue reading →

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