Volvo takes a $1.2 billion hit due to U.S. tariffs and production delays

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Volvo takes a $1.2 billion hit due to U.S. tariffs and production delays

fortune.com/europe/2025/07/15/volvo-cars-1-2-billion-hit-tariffs-production-delays-sweden-china-hakan-samuelsson-job-cuts

Volvo said on Monday it is booking a $1.2-billion charge because of US tariffs and production delays that are hitting its two latest electric-powered cars.
“Due to import tariffs the company is currently unable to sell the Volvo ES90 profitably in the United States, while ES90 margins…

This story appeared on fortune.com, 2025-07-15 11:25:52.