
Industry
Volvo Is Losing Money in America. Its Fix Starts With a US-Built XC60
Tariffs, lost EV incentives, and a $111 million CAFE write-down hit Volvo's third quarter. Its US answer: XC60 production in South Carolina from early 2027.

Tariffs, lost EV incentives, and a $111 million CAFE write-down hit Volvo's third quarter. Its US answer: XC60 production in South Carolina from early 2027.

A floor-mounted battery more than twice the size of today's pack pushes Volvo's two best-selling SUVs past the Mercedes GLC 350e's US record — by a wide margin.