Global sales fell 7.4% on year in the quarter, with demand hit by continuing market challenges in the U.S. and China.
Sweden's Volvo Cars said on Monday it will close its Stockholm office, where 450 people currently work, relocating responsibilities to its Gothenburg headquarters as part of an effort to cut costs and boost efficiency.
SHIPPENSBURG, Pa.--(BUSINESS WIRE)--Volvo CE announces expanded U.S. production, with over 50% of its North American machine supply able to be produced in Shippensburg, Pennsylvania.
Sales in the U.S. increased for the third consecutive month, rising by a double-digit percentage while European deliveries remained steady with moderate growth.
Swedish-based Volvo Cars sold 164,663 cars in the three months through July, down 4% from the same period a year earlier, the company said on Tuesday.
Volvo Group reported stronger second-quarter financial results, driven by higher profitability and robust truck order intake in North America despite continued external cost pressures. Net sales in the second quarter of 2026 increased 3% year over year to SEK 126.3 billion, compared with SEK 122.9 billion in the same period last year.
GOTHENBURG, Sweden, July 17, 2026 /PRNewswire/ -- "The second quarter of 2026 demonstrates the strength and adaptability of the Volvo Group. We delivered net sales of SEK 126.3 billion, with an organic sales growth of 7%.