Hakan Samuelsson’s comments, which coincided with President Donald Trump’s tariffs, emphasized that Volvo needs to adapt faster than the competition.
On day one of his second term as the automaker’s CEO, Samuelsson’s focus is on increasing Geely synergies and controlling costs.
Samuelsson, who steered Volvo to record sales and profits during his decade as CEO, replaces Jim Rowan on a two-year term starting April 1.
Automotive unit CEO Lynn Calder says there is 'no way' the SUV maker could absorb a tariff as high as the 25 percent the Trump administration has threatened against goods from Canada and Mexico.
Renault, BMW, VW and Ford increased their registrations in February in an overall market down 3 percent.
The Sandero's winning streak looks set to continue. Other cars with big gains included the VW Tiguan, Dacia Duster and Toyota C-HR.
The automaker will get its first SDV to market one year ahead of schedule as a result of gaining access to the U.S. EV maker's technology.
VW is making backup plans after being granted a one-month reprieve from President Donald Trump's 25 percent tariffs on imports from Mexico.
Jim Rowan says the automaker is evaluating a range of scenarios to offset possible tariffs, including expanding production at its factory in South Carolina.
The Volvo ES90 is the most aerodynamic, quietest model in the automaker’s history.