Volvo Car jumps after U.S. nod to continue sales
27/05/2026 09:09
BUZZ-Volvo Car jumps after U.S. nod to continue sales ** Shares in Volvo Car VOLCARb.ST rise 8% after the Swedish carmaker received authorisation to continue importing and selling cars in the United States
** The move lifts uncertainty linked to a Biden administration decision to ban Chinese cars and trucks from the U.S. market in January 2025
** Citi analysts say the decision removes a risk to the operating model of Volvo Car, majority-owned by China's Geely Holding
** However, the broker sees no change to consensus estimates as Volvo continued selling in the U.S. while the decision was pending
** Shares set for their best day since October 2025, trimming year-to-date losses to below 20%
(Reporting by Boleslaw Lasocki)
((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))