Manufacturing executives share sentiments around tariff talk

Manufacturing executives share sentiments around tariff talk

North Texas manufacturing executives feel the pressures of uncertainty around tariffs.

The Trump administration's tariff shock is hitting demand for AB Volvo. The truck giant is lowering its forecast for delivery volumes in North America this year - despite increased order intake in the first quarter. But CEO Martin Lundstedt sees the tariff crisis as manageable so far. - There is no panic, he tells TT.

Volvo Group profit slumps on tariff uncertainty

Swedish heavy truck maker Volvo Group on Wednesday posted a 30-percent drop in net profit in the first quarter as vehicle sales fell by nine percent on uncertainty over trade tariffs. “Recent tariffs and other trade restrictions imposed or considered to be imposed by the US and other countries have significantly increased uncertainty about trade conditions in markets where the Group is present, as well as in relation to global and regional suppl…

Truck giant Volvo's January–March results fell far short of market expectations. Heavy-duty vehicle manufacturer Volvo reported a clearly weaker result in January–March than market expectations. Volvo's operating profit was 13.3 billion Swedish kronor, or just over 1.2 billion euros, while the consensus of 24 analysts collected by Factset was expecting a result of 14.8 billion kronor. The result for the same period last year was 18.2 billion kro…

Volvo – tariff uncertainty weighs on Q1 performance

Once again, Volvo shares turn up during CEO Martin Lundstedt's presentation in connection with the report.