{
  "id": 7979275,
  "title": "Volvo Cars to launch 13 new models this decade, eyes earnings boost",
  "url": "https://urgent.news/2026/09/17/volvo-cars-to-launch-13-new-models-this-decade-eyes-earnings-boost-7979275",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-17T07:54:26.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/volvo-cars-to-launch-13-new-models-this-decade-eyes-earnings-boost-4904813"
  },
  "original_language": "en",
  "account": "Volvo Cars has announced plans to introduce 13 new vehicle models between now and 2030, with the goal of expanding its product range and doubling its market share. The Swedish automaker, led by CEO Hakan Samuelsson, is focusing on regionalization and transitioning towards more localized offerings. In China, six new models will be introduced, while seven models will be launched in Western markets, encompassing both fully electric vehicles and hybrids. These Western-market vehicles will be manufactured on Volvo’s SPA2 and SPA3 platforms, while the models tailored for China will be developed in collaboration with its sister company, Geely Auto.\n\nThe primary objective is to raise Volvo Cars' earnings before interest and tax (EBIT) margin from the current 3.5% to over 8% by 2025. This ambitious target comes after the company faced difficulties in meeting prior profitability objectives due to tariffs, decreasing EV demand, and high development costs. However, Volvo has not disclosed a specific timeline for achieving this new profit margin goal. In 2021, the company had initially set an EBIT margin target of between 8% and 10% for the mid-decade period, but subsequently revised its expectations and eventually canceled its financial guidance altogether in 2025.\n\nCEO Hakan Samuelsson recently stated that the era of being a global company is over and is now focusing on autonomous operations in China and the United States. To cater to regional preferences and tastes, Samuelsson believes that accepting these differences is crucial. Alongside this strategy, Samuelsson launched an 18 billion Swedish crown ($1.83 billion) cost and cash action plan, which includes closer collaboration with majority owner Geely Holding. Volvo Cars announced on Thursday that deeper cooperation with Geely on hardware sourcing in Europe and China will increase parts commonality to 30% from the current 10%, contributing approximately 5% of material cost savings by 2030. Additionally, the company plans to achieve further indirect savings.",
  "summary": null,
  "key_points": [
    "Volvo Cars plans to launch 13 new models by 2030.",
    "Focus on regionalization and localized vehicle offerings.",
    "Goal to double market share and increase EBIT margin to over 8%."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "Volvo Cars to launch 13 new models this decade, eyes earnings boost",
        "url": "https://urgent.news/2026/09/17/volvo-cars-to-launch-13-new-models-this-decade-eyes-earnings-boost",
        "published": "2026-09-17T05:49:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}