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Volvo takes $1.2 billion charge over tariffs and EV model delays

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Volvo Car AB is taking an impairment charge of 11.4 billion Swedish kronor ($1.2 billion) due to delays to some of its electric models and the escalating cost of tariffs. Past development setbacks and duties in the US have hit Volvo’s battery-powered models, the EX90 sport utility vehicle and ES90 sedan. The effect of the […]



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