Volvo Cars suffers significant losses in Q2 2025

Volvo in Distress Swedish Car Manufacturer Volvo is Deeply in the Red

2025-07-24 Source: dpa| Translated by AI 1 min Reading Time

The Swedish car manufacturer Volvo Cars, controlled by Chinese owners Geely, reported significant losses in the second quarter of 2025, as reported by dpa.

Volvo reports deep red figures in the second quarter of 2025, as has now become known. In Swedish kronor, a loss in the high single-digit billion range is reported.(Image: Volvo Cars) — Volvo reports deep red figures in the second quarter of 2025, as has now become known. In Swedish kronor, a loss in the high single-digit billion range is reported.
(Image: Volvo Cars)

In the three months from April to June, Volvo Cars recorded a net loss of 8.1 billion Swedish kronor (around 716 million euros or approx. 840 million USD)—after a profit of 5.7 billion kronor (approx. 6 billion USD) the year before, as reported from Gothenburg. The company had already announced high write-downs of 11.4 billion kronor (approx. 12 billion USD) a few days ago. Reasons given included the delayed introduction of models and the U.S. customs policy. Deliveries to end customers in the quarter were nearly

182,000 cars—and thus 12 percent below the previous year's figure. Revenue dropped by eight percent to a total of 93.5 billion kronor (approx. 98 billion USD) . The result before interest and taxes, adjusted for special effects, even fell by almost two-thirds to 2.9 billion kronor (approx. 3 billion USD). However, Volvo CEO Hakan Samuelsson spoke of an improvement compared to the first quarter—including in terms of cash flow.

Volvo Cuts Thousands of Office Jobs

Volvo has already initiated a savings program, as further reported. Including consultants, this will result in the elimination of 3,000 administrative jobs worldwide, approximately 15 percent of all office positions. A large portion of these cuts will be in Sweden. Including other measures, Samuelsson aims to save a total of nearly 1.7 billion euros (approx. 2 billion USD). This will cost an additional 124 million euros (approx. 145 million USD) in the quarter. The restructuring is expected to be completed by the fall. However, Volvo has been facing challenges for some time. High battery costs put pressure on the company in the meantime, as the ambitious ramp-up of pure electric cars planned by the Swedes stalled. In the spring, former CEO Jim Rowan was unexpectedly replaced, with Samuelsson's predecessor surprisingly taking the helm again. Geely also owns the electric car manufacturer Polestar and shares in the Swedish truck maker Volvo Group.

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Date: 08.12.2025

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