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  - WN.COM - Europe - 17/Jul 10:31

Volvo posts Q2 operating loss; turnaround plan ‘fully on track’, says CEO

Volvo Cars has reported a group operating profit (EBIT) of SEK -10.0 billion for the second quarter of 2025, a result that reflects a persistently challenging environment for the global automotive industry. While the headline number was significantly impacted by one-off charges, the company insists its comprehensive SEK 18 billion cost and cash turnaround plan is fully on track and is confident of seeing more positive effects from the program in the near future. The second-quarter result was heavily impacted by a previously announced one-off non-cash impairment charge of SEK 11.4 billion. Volvo Cars stated that it is adjusting the financial assumptions for its EX90 and ES90 platform due to...

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