Volvo BEVs, PHEVs in U.S. lose braking capability after OTA update On July 17, the U.S. National Highway Traffic Safety Administration issued a warning to owners of 2020-2026 Volvo plug-in hybrid or battery electric vehicles to immediately complete an important over-the-air safety recall.  Without this recall remedy, an affected vehicle could completely lose its ability to brake while going downhill. Volvo has advised owners not to drive their c...

News  Updated at: 2025/07/19

Volvo Cars provides update on cost and cash turnaround plan On July 17, Volvo Cars announced that its SEK 18 billion cost and cash turnaround plan is fully on track and the company is confident about more positive effects from the programme. The reduction of 3,000 jobs worldwide is going into execution, and around 1,100 employees have already left the company. This will help reduce expenses and create a leaner, more efficient organization. Volvo ...

News  Updated at: 2025/07/18

Volvo Group looks to EU market to counter falling U.S. truck business On July 17, the Volvo Group reported higher than expected earnings for Q2 2024 as signs of recovery in Europe helped it offset sluggish demand in North America. Truck orders in North America have fallen more than 40% in recent months compared to 2024, adding to pricing pressures and buyer sentiment across the sector. Q2 was characterized by a general stabilization of the Europe...

News  Updated at: 2025/07/18

Volvo Cars reportedly to produce 2 ICE models at U.S. plant to avoid tariffs On July 17, multiple media reported that Volvo Cars plans to begin U.S. production of its two most popular crossovers within the next few years to avoid paying a 30% tariff on the imported models. According to two people familiar with the plan, the company will start building the midsize XC60 in January 2027 at its Ridgeville plant, South Carolina, and production of the ...

News  Updated at: 2025/07/18

Volvo Cars to begin XC60 production in Ridgeville, South Carolina in 2026 On July 16, Volvo Cars announced it will add its best-selling XC60 mid-size SUV, in both mild hybrid and plug-in hybrid form, to the production line at its assembly plant in Ridgeville, South Carolina.  XC60 production is scheduled to start at the U.S. plant in late 2026, joining the fully electric Volve EX90 flagship and Polestar 3 SUV. The XC60 has been the company’s b...

News  Updated at: 2025/07/17

offs on September 18. In December 2024, DTNA added 400 jobs at the Detroit plant as part of a USD 285 million capital investment program.    •    The Saltillo, Mexico plant, which opened in 2009, focuses on production of the Freightliner Cascadia. DTNA’s actions in North America follow the Volvo Group laying off 1,000 workers across its Volvo Truck North America and Mack Trucks divisions in the spring, and Traton Group’s International ...

News  Updated at: 2025/07/17

s eMas 7, while Tesla secured third with 2,397 units, ahead of BMW’s 902 units.  XPeng ranked fifth with 637 units, followed by Denza with 615, Zeekr with 530, Chery with 402, and Porsche with 359 units. MINI completed the top ten with 305 units. Further down the rankings, MG recorded 274 units, Volvo 258, Mercedes-Benz 207, and GWM 200 units. smart and Hyundai registered 134 and 102 units respectively, while Leapmotor reached 87 units, Dongfe...

News  Updated at: 2025/07/16

Indian passenger vehicle sales decrease by 6.3% in June 2025 Indian passenger vehicle sales in June 2025 were down 6.3% y/y to 275,766 units. For April through June of 2025, total vehicle sales were down 1.2% to 1,235,097 units, compared to the same period of 2024. PVs (passenger vehicle, UV and van) sales were down 1.4% y/y to 1,011,882 units (excludes BMW, Mercedes-Benz, Volvo Cars and Tata). CVs (M&HCVs and LCVs) sales were down 0.6% y/y to 22...

News  Updated at: 2025/07/16

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. Despite a major software upgrade and a ...

News  Updated at: 2025/07/15

Volvo Cars cuts 15% of U.S. headquarters workforce amid general cutbacks Volvo Cars has cut about 15% of its commercial workforce in the U.S. as the company battles recent market headwinds. Volvo eliminated about 60 jobs, mostly at its Mahwah, New Jersey, headquarters, according to a person familiar with the matter. Some of the cuts were made through attrition. Volvo’s U.S. field staff is not affected. “Volvo Cars is taking measures to become...

News  Updated at: 2025/07/11

Volvo Cars reveals low carbon footprint of new ES90 On July 10, Volvo Cars announced the carbon footprint of its new fully electric ES90. The vehicle is designed with a strong focus on sustainability. According to Volvo’s Life Cycle Assessment (LCA) report, the ES90 has a carbon footprint of 31 tonnes when charged with a European energy mix, which drops to 26 tonnes with wind energy. The vehicle’s footprint is about 50% lower than the S90 mi...

News  Updated at: 2025/07/10

grow this business by improving parts availability and investing more in its sales and service network. Future investments in diesel and zero-emission technologies will be carefully managed. The company is using a modular technology approach and partnerships such as Coretura, its joint venture with Volvo for software-defined vehicle platforms. The "Cost Down Europe" program aims to save over EUR 1 billion in Europe by 2030. The restructuring cove...

News  Updated at: 2025/07/09

Volvo Buses to supply 76 double-decker buses to Dubai RTA On July 3, Volvo Buses, in partnership with local distributor Al-Futtaim Auto & Machinery Company (FAMCO), secured a major contract with Dubai’s Roads & Transport Authority (RTA) to supply 76 Volvo B13RLE double-decker buses. The deal marks the introduction of the advanced Volvo B13R Euro 6 chassis in Dubai. The ordered Volvo B13RLE 6x2 Euro 6 double-decker buses will be built by Gemilan...

News  Updated at: 2025/07/04

Volvo Cars partners with Polestar to jointly develop Polestar 7 at Kosice Plant in Slovakia On July 3, Volvo Cars and Polestar signed a memorandum of understanding (MoU) to jointly develop and produce Polestar’s upcoming premium compact SUV, Polestar 7, at Volvo’s new manufacturing facility in Kosice, Slovakia. The Polestar 7 is expected to launch in 2028. If final agreements are reached, it will be the second model produced at the Kosice pla...

News  Updated at: 2025/07/03

(EVs) and SUVs showing signs of slowing down. The luxury brand Genesis posted double-digit growth for the ninth consecutive month. Sales of European cars, which tend to account for a high percentage of imports, fell 35.9% for VW, 20.7% for Mercedes-Benz, 19.8% for Audi, 10.0% for BMW, and 7.3% for Volvo in June. See U.S. inventory information at the end of MaySee OEM plant locations in Mexico and Canada...

News  Updated at: 2025/07/03

Novo Energy, Sweden divests R&D subsidiary to Volvo Group On July 1, NOVO Energy AB announced that it has reached an agreement under which Volvo Group has acquired its subsidiary, NOVO  R&D AB. With the completion of the transaction, all NOVO R&D employees have been transferred to Volvo Group. The lab and its staff will continue to operate from their current facility in Eriksberg, Gothenburg. Based on Novo Energy press release...

News  Updated at: 2025/07/02

Volvo Cars and GlobalLogic deepen engineering collaboration On July 1, Santa Clara, California-based GlobalLogic Inc., a Hitachi Group Company and leader in digital engineering, announced it has been selected in Volvo Cars’ partnership ecosystem as one of the strategic partners within engineering services globally.  With this collaboration, GlobalLogic and Volvo Cars will continue working together to create the next generation of faster, smart...

News  Updated at: 2025/07/02

Flexis unveils new emblem as it gears up for 2026 launch of electric LCVs On June 30, Flexis, a joint venture by Renault Group, Volvo Group, and CMA CGM, announced it is moving closer to producing its first electric LCVs by 2026, starting with the launch of its official emblem and visual identity. The emblem symbolizes Flexis’ mission to create smart, clean, and efficient urban logistics through connected EVs and digital services. The emblem wi...

News  Updated at: 2025/07/01

AFRY, Sweden partners with Volvo Cars to support development of next-gen EVs On June 30, AFRY, an engineering, design, digital and advisory services provider, entered into a framework agreement with Volvo Cars as a strategic supplier in engineering. The agreement spans until 2026 and outlines AFRY’s role in delivering product development across all areas of Volvo Cars’ operations. Under the agreement, AFRY will support Volvo Cars with technic...

News  Updated at: 2025/07/01

its renowned startup-industry collaboration program. Dessia Technologies (France), Discernity (Sweden), EYE2Drive (Italy), Easyrain (Italy), Deontic (Belgium), Digitraffic (Sweden), and BeyondMath (UK) will join the program. They will now start a six-month journey with MobilityXlab partners Magna, Volvo Group, Zeekr Technology Europe, and Zenseact. EYE2Drive develops adaptive CMOS sensors immune to flickering and glare, excelling in challenging ...

News  Updated at: 2025/06/26