Sweden-based Volvo Cars reported a fall in fourth-quarter operating profit excluding items affecting comparability on Thursday, citing trade tariffs, weak demand, price pressure and the removal of electric vehicle incentives in the United States.
Global sales fell 7.2% on year as the Swedish automaker now reports sales figures on a rolling three‑month basis.
Volvo Cars said on Wednesday that its new electric mid-sized SUV, the EX60, will have a similar price tag to the plug-in hybrid version of the same model, as the Swedish automaker dismissed concerns that any Greenland-linked U.S. tariffs could disrupt its plans.
Swedish automaker Volvo Cars is recalling 413,151 vehicles in the United States over an issue with the rearview camera, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday.
Overall vehicle sales slipped 0.2% in Europe in December, but rose 0.8% in the U.S. and 1.2% in China, with the XC60 SUV its top-selling model in the year.
Sweden-based Volvo Cars sold 75,049 cars in December, up 2% from a year earlier, it said on Wednesday.
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.