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AUTOMOTIVE: Volvo Car (VOVCAB Ba1/BB+/NR): EU Tariffs

AUTOMOTIVE
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  • Volvo Car equity is higher following comments made by the Minister for Foreign Trade on local radio, according to Bloomberg.
  • He said the Swedish government is looking for a “special solution” for Volvo Car on EU tariffs for Chinese EVs.
  • Volvo Car is majority owned by Chinese company Geely, but its vehicles sold in the EU are locally produced so this seems logical.
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  • Volvo Car equity is higher following comments made by the Minister for Foreign Trade on local radio, according to Bloomberg.
  • He said the Swedish government is looking for a “special solution” for Volvo Car on EU tariffs for Chinese EVs.
  • Volvo Car is majority owned by Chinese company Geely, but its vehicles sold in the EU are locally produced so this seems logical.