“We are convinced that we have the right long-term strategy addressing these challenges.
“However, in the short term, with severely challenged volumes, a reinforced turnaround plan with additional decisive actions, lowering our break-even point and improving cash flows to make us more resilient is needed.”
Volvo has seen a modest 4.83 per cent growth in year-on-year sales in the UK, having registered 54,343 new cars so far in 2026.
It has captured 3.12 per cent of the total market, with the Volvo EX40 being the 10th best-selling car of the year, and the Volvo EX30 being the seventh best-selling electric model in September.
