Analysis-Troubled by Trump's tariffs, Volvo Cars' new CEO turns to Chinese owner Geely
Under pressure from U.S. President Donald Trump's tariffs, Volvo Cars' new CEO Hakan Samuelsson is juggling the task of working with Chinese majority owner Geely to cut costs with attempting to keep selling cars to U.S consumers. Despite tariffs, they are seeking to sell imported cars to U.S consumers, who favour hybrids and combustion-engine models. After Volvo Cars sacked former top executive Jim Rowan, Samuelsson, who headed the company for a decade until 2022, was unexpectedly again made CEO earlier this month, with the task of navigating today's difficult times.