Volvo News
The automaker, which builds Volvo EX90 and Polestar 3 electric crossovers in the U.S., said it is working to resume production as quickly as possible.
Stellantis, Nissan and Volvo all face potentially existential threats in the coming months on a variety of fronts. All three named safe internal candidates to become CEO.
Volvo faces high costs, a slowdown in electric vehicle demand and uncertainty over trade tariffs.
Volvo is now Google’s leading automotive development partner, meaning its customers will get access to new Android software that rivals might not be able to offer for years.
Polestar has also scaled back its presence in China and is expanding in Europe and the U.S. in a bid to boost its sales.
Volvo said it remained committed to its long-term future in the U.S. and that it was balancing investments with the need to reduce costs.
Volvo says the newest member of its lineup has an electric-only range of 200 km (124 miles).
Volvo agreed with Northvolt to take over its 50 percent stake in the company following the battery maker’s bankruptcy.
Rick Bryant, Polestar North America's operations chief and a Volvo Cars veteran, will take the top job overseeing the U.S. and Canada markets.
Trump’s tariff tweaks; B.C. unplugs EV rebates; and Magna’s autonomous vehicles. Plus, Country Manager at Polestar Canada Hugues Bissonnette talks about targeting Tesla drivers with enticing rebates, discusses tariffs, and speaks about the road to electrification.
