Global sales fell 10% on year in November but the company said it was encouraged by its electric-car sales growth and by accelerated deliveries of its long-range plug-in hybrid in China.
Volvo Car AB (publ.) (OTCPK:VLVCY) Discusses Strategic Direction, Product Strategy, and Pathway to Higher Profitability November 6, 2025 3:00 AM EST Company Participants Hakan Samuelsson - CEO, President & Director Erik Severinson - Chief Commercial Officer Michael Fleiss - Chief Strategy and Product Officer Francesca Gamboni - Chief Industrial Operations Officer Anders Bell - Chief Engineering & Technology Officer Fredrik Hansson - Chief Financial Officer Erik Kronqvist - Acting Head of Investor Relations Conference Call Participants Hampus Engellau - Handelsbanken Capital Markets AB, Research Division Mattias Holmberg - DNB Carnegie, Research Division Erik Pettersson-Golrang - SEB, Research Division Agnieszka Vilela - Nordea Markets, Research Division Samuel Perry - BNP Paribas, Research Division Nikita Papaccio - Deutsche Bank AG, Research Division Presentation Unknown Executive Hello, everyone.
Volvo Cars said on Thursday that it was targeting a long-term operating profit margin of over 8% as part of a strategy overhaul.
Self-driving truck startup Waabi shared Tuesday at TechCrunch Disrupt the launch of a new autonomous truck made in partnership with Volvo, the Volvo VNL Autonomous truck.
Sweden's Volvo Cars on Thursday posted stronger-than-expected third-quarter operating profit, prompting shares to rally by more than 40%.
The results mark Volvo's return to profitability after hefty restructuring and impairment charges dragged it into a net loss for the second quarter.
The company said the North American long-haul freight market remained in recession with lower volumes and prices, while cautious customers face uncertainty on tariff and emissions rules.
Volvo Cars sold 48,029 cars in August, down 9% from a year earlier, the Sweden-based company said on Thursday.
A longtime Volvo fan's terrifying ordeal prompted warnings from regulators and heightened scrutiny of software patches for electric vehicles and plug-in hybrids.
Volvo CEO Hakan Samuelsson urged the European Union to slash its auto tariffs on the US — an apparent bid to sway President Trump to lower his own hefty duties on foreign vehicles.
The chief executive of Volvo Cars urged the European Union to cut its 10% tariff on American-made cars, arguing that European automakers do not need protection from U.S. competitors, in an interview with Reuters on Thursday.
Volvo Cars is widely considered as one of the most exposed European carmakers to U.S. tariffs. The Sweden-based automaker on Thursday posted a sharp drop in second-quarter operating profit, citing an ongoing challenging environment for the industry.