Stockholm, July 17, 2025 (AFP) - Volvo Cars swings into loss on electric vehicles, tariffs

NAMPA / AFP

2025-07-17

Volvo Cars announced on Thursday it had swung into loss in the second quarter, after it took an impairment charge for its electric cars, booked restructuring charges and dealt with a slower, tariff-troubled market. The net loss of 8.1 billion kronor ($830 million) was due to a 11.4-billion-kronor writedown in the value of its EX90 electric SUV and ES90 electric sedan due to production delays, higher development costs than planned and now US tarif......

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