Volvo Cars books $1 billion impairment charge due to tariffs, launch delays
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 14 2025
0mins
Source: Reuters
Impairment Charge Announcement: Volvo Cars is reporting an impairment charge of 11.4 billion crowns ($1.2 billion) in Q2 due to tariffs and delays affecting its ES90 and upcoming EX90 models, impacting profitability in both the U.S. and Europe.
Financial Impact Details: The charge will affect net income by 9.0 billion crowns, with 4.0 billion crowns impacting cost of sales and the remainder primarily affecting research and development expenses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
