Volvo vehicles seen outside a Volvo dealership in Edmonton, AB, Canada, on February 02, 2025. Nurphoto | Nurphoto | Getty Images Shares of Sweden-based automaker Volvo Cars rose as much as 10% on Thursday as the company’s second-quarter operating profit beat analyst expectations despite a sharp year-on-year decline. Volvo Cars, which is owned by China’s… Continue reading Sweden’s Volvo Cars shakes up plans in the U.S. as tariffs bite
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Revealed: the more profitable used hybrids and BEVs for dealers
Dealer Auction has revealed the EVs and hybrids offering dealers the highest profit margins in the business. The latest data for June from its EV Performance Report (EVPR) reveals the Volvo XC90 as the top used AFV for margins, delivering a record £6,572 for dealers. Dealer Auction said this model has consistently been a favourite… Continue reading Revealed: the more profitable used hybrids and BEVs for dealers
Apprenticeships: the answer to the driver shortage?
The UK transport and logistics sector is facing a challenge: a stubborn shortage of qualified HGV drivers. While wages have risen, vehicles are getting more advanced and working conditions constantly improving, attracting and retaining a new generation of drivers still requires a long-term strategy – with apprenticeships starting to take centre stage. Recent moves to… Continue reading Apprenticeships: the answer to the driver shortage?
Volvo CEO wants EU to cut ‘unnecessary’ auto tariffs to defuse Trump threat
Volvo Cars’ CEO has called on the EU to scrap its 10% tariff on U.S.-made cars, saying European automakers don’t need protection from American rivals. 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… Continue reading Volvo CEO wants EU to cut ‘unnecessary’ auto tariffs to defuse Trump threat
Volvo Cars reports first operating loss since 2021 IPO
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Volvo Group Reports 5% Revenue Decline in Second Quarter 2025
Volvo Group reported net sales of SEK 122.9 billion for the second quarter of 2025, representing a 5% decline when adjusted for currency movements compared to the same period in 2024. The Swedish industrial company attributed the decrease to market stabilization in Europe and customer uncertainty in North America. The company’s adjusted operating income fell… Continue reading Volvo Group Reports 5% Revenue Decline in Second Quarter 2025
Volvo Group – the second quarter 2025
GOTHENBURG, Sweden, July 17, 2025 /PRNewswire/ — “In a quarter characterized by a general stabilization of the European market and more of uncertainty and a wait and see mode among customers in North America, the Volvo Group’s net sales declined by 5% adjusted for currency movements and amounted to SEK 122.9 billion (140.2). Sales of… Continue reading Volvo Group – the second quarter 2025
Volvo Cars reports Q2 2025 results, turnaround plan is fully on track
GOTHENBURG, Sweden, July 17, 2025 /PRNewswire/ — Q2 revenue was SEK 93.5 bn (SEK 101.5 bn in Q2 2024) Q2 EBIT included items affecting comparability of SEK 12.9 bn, consisting of an impairment of SEK 11.4 bn and restructuring charge of SEK 1.4 bn Q2 EBIT was SEK -10.0 bn (SEK 8.0 bn in Q2 2024) Q2 EBIT excluding… Continue reading Volvo Cars reports Q2 2025 results, turnaround plan is fully on track
Chinese firm GAC confirms UK launch with Volkswagen ID 3 rival
Arriving alongside the Aion UT is the Aion V, a Tesla Model Y and Skoda Enyaq-rivalling electric SUV revealed at last year’s Paris motor show. It gets a 224bhp motor and a 90kWh LFP battery, giving a range of 324 miles. In addition to EVs, GAC intends to launch a range of hybrids, plug-in hybrids and “in some cases” pure-ICE… Continue reading Chinese firm GAC confirms UK launch with Volkswagen ID 3 rival
Honda & Nissan in Discussion to Co-Develop Advanced Auto Software
Honda Motor Co., Ltd. HMC and Nissan Motor Co., Ltd. NSANY are in discussions to jointly develop and share a foundational software platform for advanced vehicle control systems, per sources. The move is part of their effort to catch up with leading U.S. and Chinese automakers in the growing field of software-defined vehicles (SDVs). The… Continue reading Honda & Nissan in Discussion to Co-Develop Advanced Auto Software