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Volvo Cars announces SEK 11.4 billion impairment charge due to tariffs and EV launch delays
On July 14, Volvo Cars announced that it will record a one-off non-cash impairment charge of SEK 11.4 billion in the second quarter of 2025. The charge stems from revised financial assumptions related to the EX90 and ES90 platforms, following past launch delays and newly imposed import tariffs in several key markets.....
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