Volvo Cars CEO Says Customers Must Pay for Rising Tariffs

Volvo Cars CEO says its customers must pay for rising tariffs | Honolulu Star-Advertiser

STOCKHOLM/DETROIT >> Volvo Cars CEO Hakan Samuelsson said on Friday that its customers would have to pay a large part of tariff-related cost increases, and that it could become impossible to import one of its most affordable cars to the United States if levies increase.

Volvo latest to warn car prices will rise due to Trump’s tariffs on imports

Volvo Cars CEO Hakan Samuelsson said Friday that its customers would have to pay a large part of tariff-related cost increases, and that it could become impossible to import one of its most affordable cars to the US if levies increase.

Volvo Car CEO Insists R&D Direction Not Shifting to China

“People worry Geely will centralize R&D in China. That’s a misunderstanding,” Hakan Samuelsson said. “There’s no such plan, and Chinese operations are also cutting costs.”

Volvo Cars CEO says customers must pay for rising tariffs

Monterrey, Mexico.- The new and volatile U.S. tariff regime, together with the protection of national manufacturing, will likely result in greater law enforcement, both civil and criminal, in the area of commercial and customs fraud, including tariffs, revealed The National Law Review. The publication indicated that the U.S. government has powerful tools to conduct customs investigations, including the Fake Claims Act (FCA) to punish and deter t…

U.S. tariffs pose a 'real challenge' to Europe, Barclays CEO says

Washington's trade tariffs pose a "real challenge" to European nations as they look to hike defense spend, Barclays CEO said.