> >

Volvo CEO 'Worried' US, Europe May Start Trade War

Video Credit: Wochit - Duration: 00:48s - Published < > Embed
Volvo CEO 'Worried' US, Europe May Start Trade War

Volvo CEO 'Worried' US, Europe May Start Trade War

President Donald Trump's decision last week to delay imposing tariffs on the European Union's auto industry comes as a welcome relief to automakers.

However, AutoNews reports the CEO of Volvo Cars says the potential of a trade war between the two global power players is "worrying." In February, Volvo CEO Hakan Samuelsson cited the ongoing trade war between the U.S. and China as one reason why Volvo's operating profit margin dipped to 5.6 percent last year from 6.7 percent in 2017.


You Might Like

Environmentally friendly: newsR is hosted on servers powered solely by renewable energy
© 2019 newsR Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest