Even a Volvo Bestseller Presents Headaches for Returning CEO
Source: Volvo Car AB
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Volvo Car AB’s EX30 is one of the best-selling electric cars in Europe right now, but its start in the American market has been a rocky one. The premium SUV is compact and, until now, has been built in China — points that have played against it in the US, where tariffs not only delayed its introduction but also made early deliveries less profitable.
On Friday, the first European-built EX30s rolled off the production line in Belgium, easing the tariff aspect of the US problem. But the Swedish automaker’s newly reinstated chief executive officer still has plenty of other headaches to manage.