ed under the higher post-hike tariff rates are gradually replacing inventory that had been imported or locally produced under lower tariff levels, leading some analysts to expect a slowdown in sales growth. By vehicle type, sales of light trucks were up 11.3% y/y to 1,149,440 units, while passenger cars were down 8.7% y/y to 222,725 units. Seasonally adjusted at annual rates (SAAR) *Data for July will be updated as soon as it is published. ...

News  Updated at: 2025/08/04

rtook Hatchbacks to claim the largest share, marking an important shift in the composition of the regional market. Supply chain crises, cost pressures associated with electrification, and evolving consumer preferences have compelled manufacturers to adapt their offerings, with less profitable Small Cars—particularly Hatchbacks—caught in the crossfire. Pandemic-induced supply issues forced automakers to prioritize higher-margin vehicles, which...

News  Updated at: 2025/07/29

Shanghai Intelligent Connected NEV Industry Cluster Area breaks ground On July 18, an event for the groundbreaking of the Shanghai Intelligent Connected New Energy Vehicle (NEV) Industry Cluster Area was held in Jiading District. Prior to the event, renowned automobile brands including IM Motors, SAIC-VW, SAIC-Audi, NIO, and Volvo Cars exhibited nine new intelligent models, such as Robotaxis, driverless minibuses, and intelligent sweeping vehicle...

News  Updated at: 2025/07/22

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 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

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

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

implementation of the 90-day extension of reciprocal tariffs approaching July 9, trade negotiations are still in flux, and the possibility of an upward swing cannot be ruled out, depending on the outcome. By vehicle type, sales of light trucks were down 3.2% y/y to 1,040,714 units, while passenger cars were down 15.9% y/y to 218,323 units. Seasonally adjusted at annual rates (SAAR)  2024Jun Jul Aug Sep Oct Nov Dec 2025Jan F...

News  Updated at: 2025/07/03

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

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

Volvo Cars announces XC60 as new best-selling model ever On June 25, Volvo Cars announced that the XC60 has become the best-selling model in the company’s history, surpassing the iconic Volvo 240 with over 2.7 million units sold globally since its 2008 debut. Initially produced in Europe and later in China, the XC60 gained popularity for its safety, comfort, and Scandinavian design. Its current generation introduced PHEV variants and was the to...

News  Updated at: 2025/06/26

Salzgitter Group, Germany and Volvo Cars expand partnership for low CO2 steel products On June 18, Salzgitter Group and Volvo Cars announced that they are expanding their partnership. In 2026, significant amounts of steel scrap from the Volvo Cars’ body parts plant in Olofström in southern Sweden will be sold to the Salzgitter AG steelworks. Salzgitter Group will feed it back into the production process at Salzgitter Flachstahl GmbH. The Salzg...

News  Updated at: 2025/06/24

Bertrandt, Germany becomes a strategic supplier to Volvo Cars On June 24, Bertrandt announced that it had been nominated as a strategic engineering service supplier to Volvo Cars. The relationship between the two companies is based on a shared understanding of values with the aim of driving technological progress and making a relevant contribution to a sustainable and safe future. In addition to the shared ambition to shape the mobility solutions...

News  Updated at: 2025/06/24

Targa Telematics and Volvo Cars partner to develop new connected mobility services On June 19, Targa Telematics partnered with Volvo Cars to integrate data from Volvo vehicles in Europe. The partnership with Volvo Cars involves the direct integration of data streams from the numerous Volvo models into Targa Telematics’ platform to enable the creation of new connected mobility services using information relating to items such as kilometers trave...

News  Updated at: 2025/06/19

Volvo Cars selects Tata Technologies, India as supplier for SDV and PLM Support On June 19, Tata Technologies announced its selection as a supplier by Volvo Cars. The expanded partnership will focus on key areas including product engineering, embedded software solutions, and product lifecycle management (PLM) services. Tata Technologies will provide support from its global delivery centers, including Gothenburg, Sweden, as well as locations in In...

News  Updated at: 2025/06/19

EDAG Group, Germany becomes technical service provider of Volvo Cars On June 18, the EDAG Group announced that it will now support Volvo Cars as a strategic supplier. Volvo Cars has decided to focus its research and development collaboration in technical services on a few selected strategic suppliers. Having been selected as a strategic service provider, the EDAG Group will be working closely with Volvo Cars. With the EDAG Group's local presence ...

News  Updated at: 2025/06/18