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 launches Abbey Road Studios Mode in EX90 models On June 17, Volvo Cars announced it officially launched Abbey Road Studios Mode, a new in-car audio experience developed in collaboration with Bowers & Wilkins and Abbey Road Studios, available in all Volvo EX90 models equipped with the optional Bowers & Wilkins High Fidelity Audio system and will be delivered free of charge via an over-the-air (OTA) update in the coming weeks. The mode r...

News  Updated at: 2025/06/18

Volvo CEO considers U.S. production of XC60 in Ridgeville, South Carolina On June 2, Volvo Cars CEO Hakan Samuelsson spoke about the company’s plant in Ridgeville, South Carolina, and production plans going forward amid tariffs on imported cars. “We want to bring in something rather fast, and something selling in good numbers, so something midsize core is a good guess,” Samuelsson said, giving his strongest hint yet that the new model for t...

News  Updated at: 2025/06/05

Volvo Car USA announces 2026 hybrid lineup with tech upgrades On June 2, Volvo Car USA announced details for the company’s 2026 lineup of hybrid vehicles in the U.S., including the introduction of two major tech upgrades and updates to one of its best-selling SUVs.   For the 2026 model year, every new Volvo car will come equipped with its next-generation user experience, Volvo Car UX. Already seen in the EX90, EX30, and new XC90, Volvo Car UX ...

News  Updated at: 2025/06/03

Volvo Cars halts production at Ridgeville plant due to part shortage On May 29, Volvo spokesman Russell Datz confirmed that the company halted production at its U.S. assembly plant in Ridgeville, South Carolina because of a parts shortage. He did not disclose the affected part or say when output at the underutilized factory might resume. “We are working to resume production as quickly as possible,” Datz said. The Ridgeville plant employs more...

News  Updated at: 2025/05/31

Volvo Cars to cut South Carolina plant workforce by 5% amid trade tensions On May 7, Volvo Cars said it will make production changes and cut 5% of the workforce at its U.S. plant due to changing market conditions and evolving trade policies, including tariffs. A Volvo spokesperson said the changes would affect 125 of the 2,500 employees at its plant in Ridgeville, South Carolina. It was not immediately clear which positions would be affected or h...

News  Updated at: 2025/05/08

Volvo vows to boost U.S. production after 25% tariffs imposed On April 3, newly reinstated Volvo Car CEO Hakan Samuelsson said that his company will have to increase the number of cars it builds at its plant in Ridgeville, South Carolina, including the addition of another model, after U.S. President Trump raised tariffs on imported automobiles. Volvo already builds EX90 and Polestar 3 electric vehicles in Ridgeville, and “will have to look clos...

News  Updated at: 2025/04/04

Volvo Cars uses Ansys and NVIDIA GPUs to boost CFD simulations for EX90 On March 18, Ansys announced a significant breakthrough in aerodynamics simulations in collaboration with Volvo Cars and NVIDIA. Using the combination of eight NVIDIA Blackwell GPUs for the solver and CPU cores for meshing, the companies reduced the total simulation run time from 24 hours to 6.5. To improve the energy efficiency and drive range of the fully electric EX90, Vol...

News  Updated at: 2025/03/19

Volvo considers expanded U.S. production in face of U.S. tariffs Volvo may expand output at its U.S. plant if U.S. President Donald Trump carries out his threat to significantly increase tariffs on European auto imports. Volvo CEO Jim Rowan expects the 2.5% tariff imposed by the U.S. on European imports to be increased, as U.S. auto exports to the EU must pay a 10% tariff. “The question is, does it go as high as 25% because of Canada and Mexico...

News  Updated at: 2025/03/06

Luminar technology selected for new electric Volvo ES90 On March 5, Luminar announced that its technology will be equipped in the new Volvo ES90, which is slated for production later in 2025. This marks the second Volvo car model to feature Luminar’s technology, following the successful launch of the automaker’s flagship SUV, the Volvo EX90, which is now being delivered to customers. “The Iris lidar on ES90 will complement an advanced set o...

News  Updated at: 2025/03/06

Volvo starts presales of EX90 SUV in Brazil On February 27, it was announced that Volvo initiated the pre-sale in Brazil of its new EX90, a 100% electric SUV priced at BRL 849,990. The first units are scheduled for delivery starting in April. The EX90 is Volvo’s first fully electric, seven-seater vehicle, offering an Inmetro validated range of 459 km, and it expands the brand’s portfolio for Brazilian customers. A standout feature of the EX90...

News  Updated at: 2025/03/05

Volvo Cars introduces EX90 and XC90 SUVs to Colombia On February 20, Volvo Cars unveiled the fully electric EX90 SUV in Cartagena, Colombia, showcasing its most advanced model to date. The event also featured the updated XC90, reinforcing Volvo’s dedication to safety, innovation, and sustainability in Latin America.   The EX90 is powered by a twin-motor AWD system, offering a range of up to 600 km per charge. It features Safe Space Technology,...

News  Updated at: 2025/02/22

Volvo Car Malaysia sells 1,953 cars in 2024; BEVs and PHEVs account for 83% Reported on February 7, 2025, Volvo Car Malaysia (VCM) recorded sales of 1,953 cars in 2024. According to the company, BEV and PHEV models contributed around 83% of VCM’s total retail sales in 2024, compared with 71% noted in 2023. BEV models alone accounted for 30% of total retail sales in 2024, an increase of 18% YoY. Meanwhile, MHEV models made up less than 20% of th...

News  Updated at: 2025/02/11

Volvo Cars forecasts challenging 2025 amid market challenges On February 6, Volvo Cars announced that it expects the automotive market to remain weak in 2025, due to the multitude of competitive and geopolitical challenges. The company plans to release five new or updated models in 2025. It is focusing on cost control, prioritizing cash protection and inventory management while still investing in its future. The company is currently at the peak ...

News  Updated at: 2025/02/06

Luminar, US wins new business from Japanese OEM and Volvo Cars On November 11, Luminar announced a new advanced development contract with a major Japanese automaker. It marks the next phase in the company’s collaboration on the OEM’s next-generation ADAS system using Luminar’s LiDAR, as well as paid development of new software capabilities. Luminar has also been selected to be featured as standard equipment on an additional model in the Vol...

News  Updated at: 2024/11/12

Volvo Cars opens access to Tesla’s 17,800 NACS charging points in U.S., Canada On October 29, Volvo Cars announced that owners of its fully electric cars in the U.S. and Canada now have access to to more than 17,800 Tesla Supercharger stations in the U.S. and Canada. These new charging points come in addition to Volvo drivers’ existing access to tens of thousands of fast-charge points. •    Adapters for current owners of Volvo fully elect...

News  Updated at: 2024/10/30

Volvo presents carbon footprint of new EX90 On September 30, Volvo announced the carbon footprint of the new Volvo EX90. The fully electric premium SUV has a significantly lower CO2 footprint compared to the similarly sized Volvo XC90 with either a plug-in hybrid or mild hybrid drive. The EX90 has a CO2 footprint of 36.7 tonnes with the average European electricity mix, roughly half that of the Volvo XC90 mild hybrid at 72.8 tonnes, and about 20%...

News  Updated at: 2024/10/01

mera•    Toyota Camry 2025 North American Truck of the Year Candidates •    Ford Ranger•    GMC Sierra EV*•    Ram 1500•    Rivian R1T*•    Toyota Tacoma 2025 North American Utility Vehicle of the Year Candidates •    Chevrolet Equinox EV*•    Honda Prologue*•    Volvo EX90*•    Hyundai Ioniq 5 N*•    Hyundai Santa Fe•    Jeep Wagoneer S*•    Lincoln Nautilus•    Porsche Macan EV*•    To...

News  Updated at: 2024/09/17

Acconeer, Sweden provides interior detection system for Volvo EX90 On September 5, Acconeer announced that the new Volvo EX90 has Acconeer’s interior detection system. The radar sensor scans the cabin as well as the trunk, alerting the driver if anyone is left behind when attempting to lock the car. (Based on Acconeer press release)...

News  Updated at: 2024/09/10