Volvo Cars warns 2025 will be turbulent and competitive, sales plunge
Volvo Cars warned on Thursday that 2025 would be a tumultuous and competitive year during which it might struggle to match its 2024 sales performance and profitability, sending its shares down 9.2%.
Volvo Car Warns of Challenging Year Ahead as Competition Heats Up
The car maker cautioned that intense competition will likely drive increasing discounts this year, making it a challenge to reach the volumes and profitability level it achieved in 2024.
Volvo Cars reports 5% drop in global sales in January
Volvo Cars, which is majority-owned by China's Geely Holding, has reported a 5% decrease in global sales for January, with a total of 50,820 cars sold. The decline in total sales has been attributed to the timing of the Chinese New Year,
Volvo Cars braces for turbulent 2025 after Q4 profit falls
Sweden-based Volvo Cars reported a fall in fourth-quarter operating profit on Thursday and predicted a turbulent 2025 with challenging market conditions. The company, which is majority-owned by China's Geely,
Volvo Cars anticipates bumpy 2025 as demand slows
Sweden's Volvo Cars, owned by China's Geely Group, said Thursday that annual profits rose in 2024 despite a final quarter slowdown but that the outlook for this year is tougher.
Volvo Cars CEO on tariffs: It's going to be turbulent and part of the challenge for 2025
Volvo Cars CEO Jim Rowan says the automaker could consider both production and supplier relocation if needed in the face of tariffs from U.S. President Donald Trump.
Volvo Cars reports second consecutive year of record sales, revenue and profits in 2024, anticipates challenging 2025
Volvo Cars had a second consecutive record-breaking year in 2024 and today reports the highest full-year retail sales, revenues and core operating profit in its 98-year history. However, the company anticipates a turbulent 2025 due to challenging market conditions.
Volvo Cars says it will pay Northvolt almost nothing for battery joint venture stake
Volvo 'will pay Northvolt almost nothing,' not 'will not pay Northvolt,' in the headline and paragraph 1, and to say ...
Change This, Not That: 2025 Volvo XC60
The 2025 Volvo XC60 includes updated driver assistance systems, advanced infotainment options, and a choice of powertrains, ...
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I Was About to Buy a Volvo, but These 20 Factors Scared Me Off
While Volvo might have a reputation as being one of the safest car manufacturers around, a fact that is almost ...
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Volvo EX90 EV coming to Malaysia this year – flagship 7-seater electric SUV is VCM’s next new model launch
The Volvo EX90 will be coming to Malaysia, very likely to be within this year. Not surprising; in fact, the brand’s flagship ...
EV buyers shouldn't get government incentives, Volvo CEO says
Volvo Cars boss Jim Rowan echoed Elon Musk, telling Business Insider he disagrees with the idea that governments should subsidize the EV industry.
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Volvo City Safety System gets thumbs up from NHTSA, IIHS [w/video]
Volvo Car Corp.'s senior safety expert. "This is another step towards achieving our Vision 2020 of eliminating serious injuries and fatalities by the year 2020, and an even larger step towards a ...
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Volvo EX90 confirmed as brand’s next model launch in Malaysia – 7-seater EV SUV coming in 2025
Volvo Car Malaysia has confirmed that the Volvo EX90, its flagship seven-seater fully electric EV SUV, will finally be making ...
Volvo Cars Canada is returning to the Canadian International Auto Show to Premiere the New XC90
The 2025 Canadian International Auto Show is taking place at the Metro Toronto Convention Centre from February 14 – 23 and Volvo Cars Canada is inviting you to experience the new XC90. Making its ...
Volvo Cars will not pay Northvolt for battery joint venture stake, it says
Volvo Cars will not pay Northvolt any money for its 50% stake in their Novo Energy battery venture, which it had agreed to acquire, the automaker's quarterly report said on Thursday.