Volvo

Volvo Cars’ earnings slip on tougher US, China competition

It posts an earnings before interest and tax margin of 2.2%, down slightly from the year before

Renault has shut down its car-sharing services, as part of restructuring its Mobilize division which is focused on new transport solutions.

Renault to take full ownership of electric-van joint venture Flexis

Deal will become effective by end of H1 2026, as CEO Francois Provost accelerates efforts to streamline operations

External factors such as such as the EU-US import tariffs and the negative currency effect of a stronger Swedish krona have affected  Volvo's performance.

Volvo Cars Q4 profits tumble on tariff hit, challenging market

It aims to return to year-on-year volume growth in 2026, and an ongoing turnaround plan is on track

Only some of the 200kW, "Category B COE" version of the Volvo EX30 are affected in Singapore.

Volvo identifies battery fire risk in EX30 Ultra EVs; owners told to limit charging to 70%

[SINGAPORE] Some 143 owners of the Volvo EX30 Ultra electric car in Singapore are being advised not to charge their vehicles beyond 70 per cent due to a fire risk linked to a battery defect.

The results suggest that a restructuring started by chief executive officer Hakan Samuelsson is starting to make an impact.

Volvo car profit unexpectedly rises on cost-cutting success

Operating income rose to 6.4 billion kronor, well above analysts projections

Tariffs and past development setbacks have weighed on profitability and sales of its battery-powered models, the EX90 sport utility vehicle and ES90 sedan.

Volvo Car posts US$1 billion loss over impairment, tariffs

The automaker’s retail sales plunged 12% to 181,600 vehicles in the second quarter

Development delays and duties in the US have hit two of Volvo’s battery-powered models, the EX90 sport utility vehicle and ES90 sedan.

Volvo takes 11.4 billion Swedish kronor charge over tariffs and EV model delays

Carmaker is also struggling to attract EV buyers in the highly competitive Chinese market

“The automotive industry is in the middle of a challenging period. To address this, we must improve our cash flow generation and structurally lower our costs,” Volvo Cars CEO Hakan Samuelsson said.

Volvo Cars to cut 3,000 jobs in restructuring

The layoffs represent around 15% of the company’s office staff