Transportation

Volvo Sees North America Weakness Lasting in 2026 on Tariffs

The assembly line at the Volvo AB Trucks Tuve plant in Gothenburg, Sweden.Photographer: Hollie Adams/Bloomberg

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By Rafaela Lindeberg

October 17, 2025 at 5:37 AM UTC

Updated on

October 17, 2025 at 7:28 AM UTC

Volvo AB shares fell the most in six months after the truckmaker warned that a demand slowdown sparked by uncertainties over tariffs will extend into next year.

The manufacturer on Friday projected declining North American truck registrations for 2026, with Chief Executive Officer Martin Lundstedt citing rising uncertainty tied to President Donald Trump’s planned duties. Volvo also posted weaker orders and lower earnings in the third quarter.