Volvo Reappoints Håkan Samuelsson as CEO Amidst Trade Pressures

Volvo Cars has reinstated Håkan Samuelsson as CEO following the resignation of Jim Rowan, with the aim of navigating significant industry challenges, including U.S. tariffs and the transition to electric vehicles. Samuelsson, who previously led Volvo from 2012 to 2022, will serve a two-year term to provide stability amid geopolitical turbulence and cut-throat competition. His return is seen as a strategic move to leverage his extensive experience in the automotive industry, particularly during times of regulatory uncertainty. Analysts note that Samuelsson's leadership is crucial as Volvo faces a potential 25% tariff on foreign car imports while also grappling with production delays and market changes. The company plans to increase production in South Carolina and shift some manufacturing of its EX30 model to Belgium to mitigate tariff impacts. Board Chair Eric Li emphasized that Samuelsson's proven track record makes him well-suited to lead Volvo during this transformative period.