Volvo Faces Headwinds from North American Tariff Uncertainty

9 days ago

Chloe Malay / Tom McKenzie

"Swedish automaker Volvo said today that it expects the slowdown in the North American truck market to continue into next year because of continued tariff uncertainty. It is bracing for the 25% tariffs that will take effect on November 1, and this is significant given that Volvo builds quite a lot of its trucks in Canada and Mexico. This exposure to tariffs is a major risk and is a sectorwide story, as evidenced by recent guidance cuts from Michelan."

The discussion outlines concerns for Volvo regarding tariff-induced headwinds in the North American truck market. Facing a 25% tariff that will soon be implemented, Volvo could see significant impacts, with this risk extending sectorwide as noted by other market participants.