Volvo announced on July 17 its decision to manufacture its top-selling sport utility vehicle (SUV), the XC60, in the U.S.

Volvo will shift XC60 production to South Carolina and drop low-demand models as tariffs on China- and Europe-built cars squeeze profits.

Volvo confirmed it will continue selling vehicles in the US, but its lineup will look a little different. With ...

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The XC90 is one of Volvo’s core vehicles. It sold 39,492 in 2024 and 39,920 in 2023. The updated 2025 went on sale in December.

Volvo Construction Equipment (Volvo CE) has agreed to sell its 70% stake in Shandong Lingong Construction Machinery Co (SDLG) to a fund predominantly owned by Lingong Group (LGG) for Skr8bn ($826m).

For its part, Volvo Cars doesn’t seem to be blaming these new price increases on the tariffs themselves, citing rising costs and market conditions instead.