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These charts show just how hard Trump's tariffs are hitting Europe's auto giants
These charts show just how hard Trump's tariffs are hitting Europe's auto giants

CNBC

time14 hours ago

  • Automotive
  • CNBC

These charts show just how hard Trump's tariffs are hitting Europe's auto giants

U.S. President Donald Trump's tariffs on European car imports were always expected to hit hard — but a recent flurry of trading updates and corporate earnings from the region's top automakers can now showcase the impact. Seeking to protect and strengthen the U.S. automotive sector, Trump imposed 25% tariffs on foreign-made vehicles and car parts in early April. The automotive sector is widely regarded as acutely vulnerable to levies, particularly given the high globalization of supply chains and the heavy reliance on manufacturing operations across North America. The U.S. president also raised tariffs on steel and aluminum imports to 50% for most countries. Steel and aluminum are essential materials for durable goods like cars and refrigerators. Trump recently threatened to raise duties on EU auto imports to 30% from Aug. 1, ramping up the pressure on the 27-nation trading bloc. The European Commission, the EU's executive arm, has since been considering its response. In a surprise update on Monday, Jeep maker Stellantis said that Trump's tariffs had cost the company hundreds of millions of dollars. The multinational conglomerate, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, said it expects to have suffered an initial hit of around 300 million euros ($351.1 million) due to net tariffs incurred over the first half of the year. Stellantis Chief Financial Officer Doug Ostermann also said that the full-year impact of U.S. tariffs could climb to 1-1.5 billion euros, according to Reuters. The company's financial results for the first six months of 2025 will be released on July 29. Sweden's Volvo Cars, which is seen as one of the most exposed European carmakers to U.S. tariffs, recently reported a sharp year-on-year decline in second-quarter operating profit. The company said last week that second-quarter operating profit excluding items affecting comparability fell to 2.9 billion Swedish kronor ($302.3 million), down from 8 billion during the same time last year. In response to Trump's tariffs, Volvo Cars CEO Håkan Samuelsson told CNBC's "Europe Early Edition" on Thursday that the company intends to add its best-selling XC60 sports utility vehicle to the production line of its car plant in South Carolina. Elsewhere, French carmaker Renault on Wednesday lowered its 2025 guidance and announced the appointment of Duncan Minto as interim chief executive officer. Renault has fared better than many of its European peers in recent months, with a flurry of new launches boosting sales in key markets. The automaker, which is not directly present in the U.S. market, has previously been singled out as a company that is relatively insulated from the trade disruption caused by Trump's tariffs. Even so, Renault has still faced pressure from muted European demand and rising competition from Chinese car manufacturers. Several European car giants are still to report corporate results. Among them, Germany's Volkswagen, Europe's top carmaker, is scheduled to report half-year results on Friday.

Volvo XC60 Facelift To Launch In India On August 1, Here's List Of Expected Updates
Volvo XC60 Facelift To Launch In India On August 1, Here's List Of Expected Updates

News18

time2 days ago

  • Automotive
  • News18

Volvo XC60 Facelift To Launch In India On August 1, Here's List Of Expected Updates

Last Updated: The model has already made an globally debut last year with two colour options. It is not confirmed yet whether the company will bring those shades to the Indian market or not. The Swedish-based carmaker Volvo is all set to introduce the facelift avatar of the XC60. It has been reported that the launch is slated to take place on August 1, 2025. The model has already made an official debut globally last year with two colour options. However, it is not confirmed yet whether the company will bring those shades to the Indian market or not. What's New? The updated version will hit the market with noticeable cosmetic changes from the outside, while the cabin will receive slight nip-and-tuck updates to make it better than before. The price bracket of the upcoming model is not known yet. However, reports suggested that the interested ones might have to spend a few extra lakhs on the refreshed version. Exterior Details Talking about the big changes from outside, the XC60 facelift will come with a redesigned front profile, featuring a new grille with diagonal slats. The element will be similar to the outgoing version. The company has invested some efforts in the front fascia, revamping the bumper with fresh air intakes. There will be new alloy wheels and taillights with a smoked effect. It will make it look better than before, and might dominate the market with the latest enhancements. Interior Updates Inside the cabin, it will retain the same style dashboard layout. However, the model will feature an improved 11.2-inch freestanding touchscreen infotainment system that will support all the wireless car connect technology, including Android Auto and Apple carplay. It will be powered by Qualcomm's Snapdragon Cockpit Platform, allowing the customers to expirence an improved pixel density, faster touch response. Powertrain Under the hood, the Volvo XC60 facelift will use the same 2.0-litre turbocharged petrol engine with 48-volt mild-hybrid technology. The unit will generate a maximum power of 247 bhp and 360 Nm of peak torque, and will be paired with an 8-speed automatic transmission/ view comments First Published: July 21, 2025, 13:59 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Volvo XC60 facelift ready for India launch on August 1. Key things to expect
Volvo XC60 facelift ready for India launch on August 1. Key things to expect

Hindustan Times

time3 days ago

  • Automotive
  • Hindustan Times

Volvo XC60 facelift ready for India launch on August 1. Key things to expect

The Volvo XC60 facelift looks identical to the bigger XC90 SUV, which received similar updates last year Check Offers Volvo has dubbed its XC60 as the Swedish luxury car marque's bestselling model since its launch in 2017. The carmaker claims to have sold more than 15 lakh units of the SUV globally, including India. The luxury SUV is now gearing up for a refresh in the Indian market, which is going to be its second facelift since launch. Slated to launch on August 1, the Volvo XC60 facelift is expected to come with a host of visual upgrades through some cosmetic changes as well as an overhauled feature list. However, on the powertrain front, it is expected to retain the outgoing model's setup. While Volvo is gearing up to launch the facelifted version of the XC60 SUV, here are the key expectations from the upcoming updated version of the SUV. Volvo XC60 facelift: Exterior The refreshed Volvo XC60 that is slated to launch next month in India will come with a sleek new look. It will have a revamped front grille, a redesigned set of alloy wheels, smoky effect taillights etc. Volvo will offer to new exterior colour options with the XC60, which are Forest Lake and Aurora Silver with Mulberry Red. Volvo XC60 facelift: Interior Like the exterior, the new Volvo XC60 will come with a host of updates inside the cabin as well. Some of the key features of the Volvo XC60 include a larger 11.2-inch touchscreen infotainment system with enhanced features like new applications, and over-the-air updates (OTA) functionality. Volvo claims that the touchscreen infotainment system comes with a 21 per cent increased pixel density, which makes the display crisper than ever. The infotainment system is powered by Google and Qualcomm's Snapdragon Cockpit Platform, and claims to deliver much faster performance and exciting graphics as well. Volvo XC60 facelift: Powertrain Powering the Volvo XC60 facelift would be the same 2.0-litre turbocharged petrol engine with the 48-volt mild-hybrid technology. This powertrain is capable of churning out 247 bhp peak power and 360 Nm of maximum torque. The engine is paired with an eight-speed automatic transmission that sends power to all four wheels. Check out Upcoming Cars in India 2025, Best SUVs in India. First Published Date: 20 Jul 2025, 10:02 am IST

2026 Volvo XC60 price and specs
2026 Volvo XC60 price and specs

The Advertiser

time3 days ago

  • Automotive
  • The Advertiser

2026 Volvo XC60 price and specs

The Volvo XC60 has received a facelift for 2026, bringing freshened styling, new tech, and slight price increases. Available now, the updated mid-size luxury SUV lineup opens at $74,990 before on-road costs, with all XC60 variants receiving price increases of between $600 and $1900. The upgraded XC60 is distinguished from the pre-facelift model by a new grille, new alloy wheel designs, darkened LED tail-lights, and three new exterior paint finishes: Forest Lake, Mulberry Red and Aurora Silver. The Ultra B5 Bright has also been replaced by the Ultra B5 Dark which, as the name suggests, features dark exterior trim elements. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Inside, there's a larger 11.2-inch touchscreen – up from 9.0 inches – which features Volvo's latest infotainment system and claimed improvements in processing and graphics performance. There are also new interior decors, inlays and upholsteries, while Volvo has revised the centre console with new cupholders and an improved wireless phone charger design. The XC60 is Volvo's second best-selling model in Australia, with 857 examples reaching Australian buyers in the first half of this year – behind only the XC40 (1287). The current, second-generation XC60 entered production in 2017. This facelift allows Volvo to extend the popular SUV's life for a few more years; the larger XC90 has also received a similar facelift. The XC60 is offered with either mild-hybrid (B5) or plug-in hybrid (T8) four-cylinder powertrains. The Volvo XC60 is backed by a five-year, unlimited-kilometre warranty. Volvo offers three- and five-year pre-paid servicing plans, currently priced at $2380 and $3870 respectively. Servicing is required every 12 months or 15,000km, whichever comes first. The Volvo XC60 doesn't currently have a safety rating from ANCAP, as its five-star rating from 2017 expired in December 2023. Standard safety equipment includes: The B5 mild-hybrid and T8 plug-in hybrid can both be had in Plus and Ultra trim levels. Standard equipment on the Plus B5 and Plus T8 includes: The B5 Ultra adds: The T8 Ultra adds: The Lifestyle package ($2867, Plus models) adds: The Climate package ($594, Plus models) adds: Standalone options include: Volvo doesn't charge any extra for any of the XC60's exterior finishes. The following finishes are available: The XC60's interior can be had in Black, Cardamom (Plus variants only) or Blond (Ultra variants only). MORE: Explore the Volvo XC60 showroom Content originally sourced from: The Volvo XC60 has received a facelift for 2026, bringing freshened styling, new tech, and slight price increases. Available now, the updated mid-size luxury SUV lineup opens at $74,990 before on-road costs, with all XC60 variants receiving price increases of between $600 and $1900. The upgraded XC60 is distinguished from the pre-facelift model by a new grille, new alloy wheel designs, darkened LED tail-lights, and three new exterior paint finishes: Forest Lake, Mulberry Red and Aurora Silver. The Ultra B5 Bright has also been replaced by the Ultra B5 Dark which, as the name suggests, features dark exterior trim elements. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Inside, there's a larger 11.2-inch touchscreen – up from 9.0 inches – which features Volvo's latest infotainment system and claimed improvements in processing and graphics performance. There are also new interior decors, inlays and upholsteries, while Volvo has revised the centre console with new cupholders and an improved wireless phone charger design. The XC60 is Volvo's second best-selling model in Australia, with 857 examples reaching Australian buyers in the first half of this year – behind only the XC40 (1287). The current, second-generation XC60 entered production in 2017. This facelift allows Volvo to extend the popular SUV's life for a few more years; the larger XC90 has also received a similar facelift. The XC60 is offered with either mild-hybrid (B5) or plug-in hybrid (T8) four-cylinder powertrains. The Volvo XC60 is backed by a five-year, unlimited-kilometre warranty. Volvo offers three- and five-year pre-paid servicing plans, currently priced at $2380 and $3870 respectively. Servicing is required every 12 months or 15,000km, whichever comes first. The Volvo XC60 doesn't currently have a safety rating from ANCAP, as its five-star rating from 2017 expired in December 2023. Standard safety equipment includes: The B5 mild-hybrid and T8 plug-in hybrid can both be had in Plus and Ultra trim levels. Standard equipment on the Plus B5 and Plus T8 includes: The B5 Ultra adds: The T8 Ultra adds: The Lifestyle package ($2867, Plus models) adds: The Climate package ($594, Plus models) adds: Standalone options include: Volvo doesn't charge any extra for any of the XC60's exterior finishes. The following finishes are available: The XC60's interior can be had in Black, Cardamom (Plus variants only) or Blond (Ultra variants only). MORE: Explore the Volvo XC60 showroom Content originally sourced from: The Volvo XC60 has received a facelift for 2026, bringing freshened styling, new tech, and slight price increases. Available now, the updated mid-size luxury SUV lineup opens at $74,990 before on-road costs, with all XC60 variants receiving price increases of between $600 and $1900. The upgraded XC60 is distinguished from the pre-facelift model by a new grille, new alloy wheel designs, darkened LED tail-lights, and three new exterior paint finishes: Forest Lake, Mulberry Red and Aurora Silver. The Ultra B5 Bright has also been replaced by the Ultra B5 Dark which, as the name suggests, features dark exterior trim elements. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Inside, there's a larger 11.2-inch touchscreen – up from 9.0 inches – which features Volvo's latest infotainment system and claimed improvements in processing and graphics performance. There are also new interior decors, inlays and upholsteries, while Volvo has revised the centre console with new cupholders and an improved wireless phone charger design. The XC60 is Volvo's second best-selling model in Australia, with 857 examples reaching Australian buyers in the first half of this year – behind only the XC40 (1287). The current, second-generation XC60 entered production in 2017. This facelift allows Volvo to extend the popular SUV's life for a few more years; the larger XC90 has also received a similar facelift. The XC60 is offered with either mild-hybrid (B5) or plug-in hybrid (T8) four-cylinder powertrains. The Volvo XC60 is backed by a five-year, unlimited-kilometre warranty. Volvo offers three- and five-year pre-paid servicing plans, currently priced at $2380 and $3870 respectively. Servicing is required every 12 months or 15,000km, whichever comes first. The Volvo XC60 doesn't currently have a safety rating from ANCAP, as its five-star rating from 2017 expired in December 2023. Standard safety equipment includes: The B5 mild-hybrid and T8 plug-in hybrid can both be had in Plus and Ultra trim levels. Standard equipment on the Plus B5 and Plus T8 includes: The B5 Ultra adds: The T8 Ultra adds: The Lifestyle package ($2867, Plus models) adds: The Climate package ($594, Plus models) adds: Standalone options include: Volvo doesn't charge any extra for any of the XC60's exterior finishes. The following finishes are available: The XC60's interior can be had in Black, Cardamom (Plus variants only) or Blond (Ultra variants only). MORE: Explore the Volvo XC60 showroom Content originally sourced from: The Volvo XC60 has received a facelift for 2026, bringing freshened styling, new tech, and slight price increases. Available now, the updated mid-size luxury SUV lineup opens at $74,990 before on-road costs, with all XC60 variants receiving price increases of between $600 and $1900. The upgraded XC60 is distinguished from the pre-facelift model by a new grille, new alloy wheel designs, darkened LED tail-lights, and three new exterior paint finishes: Forest Lake, Mulberry Red and Aurora Silver. The Ultra B5 Bright has also been replaced by the Ultra B5 Dark which, as the name suggests, features dark exterior trim elements. Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now. Inside, there's a larger 11.2-inch touchscreen – up from 9.0 inches – which features Volvo's latest infotainment system and claimed improvements in processing and graphics performance. There are also new interior decors, inlays and upholsteries, while Volvo has revised the centre console with new cupholders and an improved wireless phone charger design. The XC60 is Volvo's second best-selling model in Australia, with 857 examples reaching Australian buyers in the first half of this year – behind only the XC40 (1287). The current, second-generation XC60 entered production in 2017. This facelift allows Volvo to extend the popular SUV's life for a few more years; the larger XC90 has also received a similar facelift. The XC60 is offered with either mild-hybrid (B5) or plug-in hybrid (T8) four-cylinder powertrains. The Volvo XC60 is backed by a five-year, unlimited-kilometre warranty. Volvo offers three- and five-year pre-paid servicing plans, currently priced at $2380 and $3870 respectively. Servicing is required every 12 months or 15,000km, whichever comes first. The Volvo XC60 doesn't currently have a safety rating from ANCAP, as its five-star rating from 2017 expired in December 2023. Standard safety equipment includes: The B5 mild-hybrid and T8 plug-in hybrid can both be had in Plus and Ultra trim levels. Standard equipment on the Plus B5 and Plus T8 includes: The B5 Ultra adds: The T8 Ultra adds: The Lifestyle package ($2867, Plus models) adds: The Climate package ($594, Plus models) adds: Standalone options include: Volvo doesn't charge any extra for any of the XC60's exterior finishes. The following finishes are available: The XC60's interior can be had in Black, Cardamom (Plus variants only) or Blond (Ultra variants only). MORE: Explore the Volvo XC60 showroom Content originally sourced from:

2026 Volvo XC60 First Drive: Aging Gracefully and Snatching a Sales Record
2026 Volvo XC60 First Drive: Aging Gracefully and Snatching a Sales Record

Motor Trend

time4 days ago

  • Automotive
  • Motor Trend

2026 Volvo XC60 First Drive: Aging Gracefully and Snatching a Sales Record

When you think of the bestselling Volvo of all time, you probably think of some boxy, slightly ungainly looking thing from the 1970s, '80s, or '90s. Like a 240, or maybe the later 850. These were the Volvos from the before times, when the marque was known for reliability and safety and rectilinear cars that appeared to have been drawn by an unimaginative preschooler. Since the early 2000s, however, Volvo has been on something of a styling and technology kick. Modern Volvo is a luxury player with vehicles that are low-key sexy—a win-win-win given its continued excellence in crash safety. And one of those new-age, sorta-hot Volvos is the brand's bestseller: the XC60. The 2026 Volvo XC60, a best-selling luxury SUV, gets minor updates like a new grille, colors, and an enhanced touchscreen UX. It retains its hybrid powertrains, offering smooth power delivery. Production will soon move to the U.S. Pricing starts at an estimated $49,000. This summary was generated by AI using content from this MotorTrend article Read Next Volvo's compact luxury SUV has existed since 2008, and today's version—on sale since 2017—represents only its second generation ever. Sales just passed the 2.7 million mark, placing it ahead of the 240, which ultimately served longer, its sales spanning 1974–1993. It appears Volvo's penchant for keeping cars around for long production runs hasn't disappeared, because instead of a redesign—which any contemporary vehicle as old as the XC60 would typically get after eight years on sale—it's now received a mild freshening and a new lease on life. Remember, Volvo committed to replacing its lineup with all-electric models by 2030 before recently walking that back and remaining open to gas-electric hybrids. While it reshuffles its priorities, Volvo is still introducing all-new EVs such as the smaller EX30 and larger EX90 SUVs, and soon an EX60 (the electric equivalent to the XC60) will join them. In the meantime, existing models like the XC90 and XC60 are seeing their lifespans extended. So What's New With the 2026 XC60? To that end, the 2026 Volvo XC60 adopts a flurry of minor changes like those Volvo threw at the larger three-row XC90. To anyone who isn't a close Volvo follower, the 2026 XC60 will look no different from a 2025 XC60, which won't look any different from a 2018 XC60 (the first model year of this generation). Look really closely, however, and you might notice the new grille and its funky geometric slat pattern, dark-tinted taillights, and new wheel designs. There also are new paint colors, including a saucy Mulberry Red, Aurora Silver, and Forest Lake (smoky green) that join the existing Bright Dusk (beige), Denim Blue, Crystal White, and Onyx Black. What matters here is that, while lacking newness, the Volvo XC60 remains attractive even in its wise old age. It has an athletic, strong-shouldered stance and a good mix of curves and hard lines that helped the design hold up for so long. Volvo stuffs the interior with more changes. Front and center is a new touchscreen running the brand's latest UX, which is shared with the new EVs (EX30, EX90, and upcoming EX60) as well as the similarly updated XC90. As on the latter, the new display curiously pokes out of the dashboard—before, the XC60's vertical touchscreen was sunken somewhat into the dash—though barely, as if you hung an iPad on the wall like a picture frame. Mostly, this odd detail affords Volvo more screen space. With no major changes to the dashboard itself, the display overlaps the surrounding real estate. Again, what counts more than the visuals is how it works, and the new UX with Google Built-In and Apple CarPlay is much better than the old one, with clearly defined on-screen areas for various common functions: a map up top, audio and phone menus below that, and a consistent climate control widget that lives at the bottom. Thanks to a new Snapdragon chipset, the screen responds instantly to touch inputs, and overall ease of use is high. As a bonus for existing XC60 customers, Volvo is rolling out a software update that brings the new display's on-screen layout to 2018–2025 XC60s. You don't get the snappy response (because the update is software, not hardware like a new screen or that snappy dragon chip), but the improvement should still be stark and welcome. Other changes inside are minor and include new recycled upholstery options and new speaker grille designs for the available 15-speaker Bowers & Wilkins audio system. With no dimensional changes, cabin space is the same as before; the rear seat is good, not great, with OK legroom and headroom and a somewhat tall sill you must step over to enter. And How Does It Drive? If you guessed 'the same,' congratulations. Volvo specifies no major mechanical updates for the XC60, which is available with the brand's B5 mild hybrid powertrain or T8 plug-in hybrid option. The B5 uses the same 247-hp 2.0-liter turbocharged I-4 and eight-speed automatic transmission as before, and it again includes all-wheel drive as standard. Spicier are the T8 models, which combine a turbocharged and supercharged version of the same 2.0-liter I-4 with a 143-hp electric motor for a stonkin' 455 hp and 523 lb-ft of torque combined. Our brief drive in the 2026 Volvo XC60 was limited to a fully loaded T8 model on the available 21-inch wheels. As before, it has air suspension. The XC60, even with its 455-hp plug-in setup, is more of an all-arounder than a sports SUV, though as before, buyers can skew that math somewhat with the Polestar Engineered package. Restricted to the T8, this sport kit includes Öhlins performance shock absorbers, Akebono brakes with yellow-painted calipers, and 21- or 22-inch wheels with summer tires. The XC60 T8 we drove was Polestar-less, though we should point out Volvo's link to that company, which now offers its own lineup of sporty electric-only cars and SUVs, lives on beyond the performance package. The new Volvo UX is, essentially, the same as the one used in new Polestar models. It's hard to overstate how clever the T8 is for the average buyer—on one hand, you can rocket through traffic with BMW M and Mercedes-AMG levels of horsepower, and on the other, whisper to and fro on electric power alone for up to 35 miles at a time. (Final 2026 model-year EPA ratings are forthcoming, but we assume the XC60 B5 and T8 models get essentially the same ratings as last year.) Drivers can lock the XC60 T8 into EV-only mode (labeled Pure by Volvo) or let the XC60's computers sort out the optimal disbursement of electric power in the Hybrid drive mode. Per the EPA, a 2025 XC60 T8 using hybrid mode is rated to return 28 mpg combined—2 mpg better than the XC60 B5. This despite the T8 packing nearly double the horsepower and chopping a full 2.0 seconds off the B5's claimed 0–60-mph time for a quick 4.5-second run. That power in the Hybrid mode is blended smoothly and without untoward surging or other weirdness, and the XC60 rides firmly but with refined bump absorption. The steering is weighted nicely but doesn't offer Porsche (or even Polestar) levels of feedback. For the EV-curious out there, selecting 'B'—essentially the transmission's low gearing—calls up a de facto one-pedal drive mode, in which lifting off the accelerator pedal gradually increases the electric motor's slowing force; the XC60 can eventually be stopped this way without touching the brake pedal. Mostly, the driving experience is upscale and no-nonsense—a distinctly Volvo trait that, while not exactly overflowing from the attractive styling inside and out, links the XC60 to the old 240 it just outpaced for all-time sales. With changes addressing known weak spots (namely the onboard tech stack) and no unnecessary changes to the rest of the already solid package, the 2026 XC60 takes small, careful steps forward. Its next redesign may be years away, but there is big news on the horizon: By the end of next year, Volvo will begin building the XC60 here in the U.S. at its South Carolina facility. That should help it mitigate ever-changing tariffs and keep pricing similar to last year's XC60 B5 ($48,345 to start) and T8 ($59,345 and up).

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