<p>Volvo Cars CEO Hakan Samuelsson stated that the company will need up to two years to expand production in the United States. Since April 2, Volvo has paid a tariff of 27.5% on imports to the U.S. He mentioned that selling European-made cars in the U.S. will be unsustainable, which will put pressure on profit margins and customers will see price increases</p>

VLVLY

<p>Volvo Cars CEO Hakan Samuelsson stated that the company will need up to two years to expand production in the United States. Since April 2, Volvo has faced a tariff of 27.5% on payments to the U.S. He mentioned that it will be unsustainable for Volvo to sell European-made cars in the U.S., which will put pressure on profit margins and customers will see price increases</p>

Volvo CEO says it may take two years to expand production in the United States