Volvo Car Pulls Guidance, Launches Plan to Soften Tariff Blow
Volvo Car VOLCAR.B -9.96%decrease; red down pointing triangle said it would cut jobs as part of a cost-saving drive and withdrew its guidance for this year and next, as it warned of uncertainty and a hit to profitability from tariffs and price pressures.
The Swedish carmaker earlier this month brought back Hakan Samuelsson as its chief executive and tasked him with steering the company through strengthening headwinds from U.S. tariffs and intensifying competition.
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For over 30 years, they have focused on climate-related themes, creating large-scale sculptures, installations, performances, and films that merge scientific inquiry with artistic expression. Their work often addresses pressing environmental and societal questions. Among their most recognized projects are Solar Egg (2017), a golden, egg-shaped public sauna symbolizing rebirth; Tipping Point (2022), a kinetic installation on climate thresholds; and Sensing the Arctic, studies how to translate the processes of climate change into bodily experiences. Their practice continues to provoke dialogue about climate change and human agency, combining poetic form with technological insight. More at: About Wasteland Climate Action Park By the Skellefte River, just 10 kilometers from Skellefteå's city center in North Sweden, lies the old Scharins industrial site, once one of Västerbotten region's most polluted areas. But after 17 years of remediation, the site holds the potential to become one of Sweden's most sustainable, modern, and beautifully located urban districts. As a first step in the transformation, an art and knowledge park will take shape, set to open during Society Expo 2026. The Scharins Park will potentially become Europe's first Climate Action Park and a unique visitor attraction, where guests can draw inspiration from new technologies and explore artistic interpretations of future climate challenges. The world-renowned artists Bigert & Bergström will leave their mark on the site with the permanent exhibition Wasteland. The park will serve as a platform for collaboration aiming to promote innovation for sustainability. For press inquiries, please contact: Jakob Lind, curator Wasteland Climate Action Parkjakob@ +46 704314705 For more information and visuals, please visit: Crystal Sauna Dropbox - Press materials Sign in to access your portfolio
