US Edition
Volvo Shifts XC60 Production to U.S. Amid Tariff Pressures
RIDGEVILLE, SOUTH CAROLINA, JUL 17 – Volvo aims to avoid rising tariffs and support local jobs by producing the XC60 SUV in South Carolina, where U.S. sales rose 23% in early 2025, company officials said.
- To mitigate the impact of new tariffs, Volvo plans to begin local production of the XC60 SUV at its Ridgeville, South Carolina facility in late 2026.
- This decision follows a 30% tariff on EU auto imports starting August 1, 2025, which contributed to a $1.2 billion loss and a 60% profit drop in early 2025.
- The XC60 accounts for one-third of Volvo’s US sales and recently surpassed the 240 as its best-selling model amid shifts in Volvo’s US lineup.
- CEO Håkan Samuelsson stated Volvo must “utilize it more” by expanding US production within two years and cutting some sedan models from the US market.
- The production move aims to sustain Volvo’s US presence, mitigate tariff effects, and reflects ongoing regionalization despite pressure on profit margins.
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Volvo Cars moves parts of production to the US • 10 billion in loss last quarter
·Stockholm, Sweden
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Volvo Shifts XC60 Production to U.S. Amid Tariff Pressures
Volvo Cars plans to start producing the XC60 SUV in South Carolina by late 2026 to mitigate impacts from U.S. auto tariffs. This move reflects the rising demand for the model in the U.S., while the company navigates financial challenges related to tariffs and production delays for other models.
·India
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Coverage Details
Total News Sources20
Leaning Left4Leaning Right1Center1Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 17%
R 17%
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