Krisplan inte nog för att rädda Volvo Cars; Porsche and Volvo Victims of Deglobalization

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https://www.di.se/ledare/samuelssons-krisplan-inte-nog-for-att-radda-volvo-cars/


Porsche and Volvo Victims of Deglobalization

Europe’s automakers were huge beneficiaries of globalization, but now the hangover has arrived — and Porsche AG and Volvo Car AB look particularly sickly.

Worryingly, their profits have collapsed even before the full impact of US tariffs has been felt.

 It’s still unclear whether as a Chinese-owned manufacturer — Volvo’s majority shareholder is Zhejiang Geely Holding Group Co. — it can even keep selling cars in the US under Washington’s new cyber security rules.

Bloomberg  29 april 2025 

https://www.bloomberg.com/opinion/articles/2025-04-29/trump-s-tariffs-porsche-and-volvo-become-victims-of-deglobalization

 


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