Volvo Cars faces a devastating financial storm as President Trump’s aggressive 25% tariff on imported vehicles threatens its global operations. With costs skyrocketing and supply chains in turmoil, the Swedish automaker has made a desperate move—bringing back veteran CEO Håkan Samuelsson. The company’s stock has plummeted nearly 70% since its 2021 listing, hitting a record low as fears of further losses grip investors.
Samuelsson, who previously led Volvo from 2012 to 2022, returns at a critical moment. His deep expertise in navigating industry disruptions is needed now more than ever, as Volvo scrambles to mitigate tariff-induced price hikes and maintain its foothold in the US market. Even its South Carolina plant, which assembles the EX90, faces rising costs due to looming tariffs on car parts. With geopolitical tensions escalating and Volvo’s future on the line, can Samuelsson steer the company through this unprecedented crisis?
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Volvo Cars Reinstates Veteran CEO Amid Tariff Crisis: Urgent Shift Ahead | Financial Growth
Hakan Samuelsson Returns to Steer Volvo Through Turbulent Times Volvo Cars, a Swedish automaker majority owned by China’s Geely Holding Group, has made a bold move by bringing back former CEO Hakan Samuelsson to lead the company through an escalating cri
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