Volvo will start building its XC60 in the US next year
The shift highlights the carmaker's exposure to US President Donald Trump's car tariffs as it imports most of its hybrid and electric models from Europe.
XC60 sales in the US rose by nearly 23% in the first six months of 2025, the Gothenburg-based company said, adding the model was most popular among US customers.
Volvo Cars, owned by China's Geely Holding, said earlier this week it was booking an impairment charge of 11.4-billion crowns (R20,894,913,000) in the second quarter related to its ES90 and EX90 models due to tariffs and launch delays.
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