Volvo Abandons Lidar for EX90/ES90 Flagships Entirely — Musk’s “I Told You So” Moment Goes Viral

July 31, 2026 – Volvo Cars has officially pulled the plug on all lidar-powered advanced driver assistance features for its flagship EX90 and ES90 electric models, scrapping years of planned high-end autonomous driving capabilities that were once positioned as a cornerstone of the brand’s next-generation safety architecture. The unexpected move sent ripples across the global…

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Volvo Doubles Down on EVs: CEO Samuelsson Declares Electric Business Profitable

January 24, 2026 – According to a recent report from CarBuzz, Volvo’s management has reiterated that the “full electrification” strategy remains at the heart of the company’s vision, with its electric vehicle (EV) business already delivering significant financial returns. When discussing profitability, Volvo CEO Hakan Samuelsson emphasized that the brand is now more profitable thanks…

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Volvo Unveils $1.9B Cost-Cutting Drive, Shares Slide Nearly 10%

April 30, 2025 – Volvo Cars unveiled a significant cost-reduction initiative on Tuesday, local time, targeting an estimated $1.87 billion in savings, while simultaneously retracting its financial outlook for the upcoming years amid a sharp decline in first-quarter operating profits. The Swedish automaker’s latest financial report revealed a substantial drop in operating profit, plummeting to…

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