Volvo Cars' new top executive said on Thursday the company would produce more cars in the United States while ramping up its regionalisation efforts, just as a 25% U.S. tariff on global autos takes effect.

Volvo Car AB must make more vehicles — including another model — at its South Carolina factory after US President Donald Trump raised tariffs on imported autos, its chief executive officer said.“We will have to increase the number of cars we build in the US,

Volvo has announced a surprising leadership shake-up, with Jim Rowan stepping down as CEO after three years at the helm. His successor, however, is no stranger to the role. Håkan Samuelsson, who previously led Volvo from 2012 to 2022, will return for a two-year term while the company searches for a long-term leader.