Home » Volvo Just Got A Stone Cold Killer For CEO

Volvo Just Got A Stone Cold Killer For CEO

Tmd Volvo Killer Ceo Ts4

Volvo is an extraordinarily important car brand to me, which is why the shakiness of its leadership and uncertainty over its ultimate direction has been a bit of a bummer. The company’s board has found a new chief, and it just so happens he comes from another brand I care about.

Yes, I’ve found a new reason to talk about my favorite modern Czech automaker in The Morning Dump, but this time it’s valid because this time it will impact the cars you can buy in the United States. It’s also good news for Volkswagen Group which, yeah, needs some good news after again revising down its profit target for the year.

Vidframe Min Top
Vidframe Min Bottom

The biggest subprime auto lender in the United States is going to forgive the debts of 55,000 borrowers and pay restitution, even if it’s a little late for a lot of buyers. BYD is a massive, major player that doesn’t always get the respect it deserves. I can prove definitively that it’s a real OEM with the last story of the day.

Volvo, Prepare To Get Zellmer’d

Klaus Zellmer 4 Large
Photo: Skoda

Škoda has been one of the few bright spots in an otherwise dark few years for the Volkswagen Group. The brand has consistently produced attractive, affordable cars with a range of powertrain options. More importantly, the Czech carmaker has been able to sell a lot of cars while also making money.

One should never ascribe the success or failure of a car brand (or any enterprise) to one individual. Still, as CEO, Klaus Zellmer had to sit in the big chair right as the EV head fake was starting to fade and in the midst of a semiconductor shortage. As a primarily European automaker, Škoda also got hit hard by the knock-on effects of the Russian invasion of Ukraine just as Zellmer took over.

The company has done great since then. Under Zellmer, the brand didn’t lose its head chasing fads. It didn’t promise too much — just than it would make cars people wanted and sell them at a decent price. Škoda has also been relatively drama free for a VW Group brand.

Last year, as most European brands cratered, Škoda returned to sales of over one million cars, and did so while returning nearly $34 billion in revenue and profits of a little under $3 billion for a margin of about 8.3%, which is great these days.

Volvo Cars took notice, and has appointed Zellmer to the head job at the company, replacing Håkan Samuelsson, who took over for former Dyson exec Jim Rowan after a short and rocky stint, who himself was supposed to be a replacement for Samuelsson.

The old company put out a statement about Zellmer that was pretty nice:

Under his leadership, Škoda Auto has greatly strengthened its position as one of Europe’s most successful volume brands. The brand rose from tenth place in the European registration rankings in 2022 to second place in the first half of 2026. At the same time, the company achieved record results in sales volumes, revenue and profitability, consistently advanced its e-mobility strategy and accelerated its internationalisation, particularly in India and Southeast Asia.

The Supervisory Board would like to thank Klaus Zellmer for his great commitment and his significant contribution to the continued development of the Škoda brand.

Chief Financial Officer Holger Peters will run things until a full-time replacement can be found. What’s Volvo saying about this?

Via Bloomberg we’ve got a statement:

The German has “a strong record of guiding organizations through transformation and changing market conditions,” Volvo Car Chairman Li Shufu said in the statement. “His experience from both the high-end premium segment and high-volume brands is an excellent fit.”

Volvo needs all the help it can get, having overextended itself on EVs, botched the rollout of key vehicles, and killed its last station wagon. A new product blitz is coming and Volvo seems to understand that there’s no one-size-fits-all solution for cars that’ll sell in Liaoning, London, and Lexington.

If anyone can save Volvo, it’s Zellmer. I just hope Škoda gets someone good as a replacement.

Volkswagen Plans To Make A 1% Margin This Year

Small 35539 Oliverblumeceovolkswagengroup
Source: VW

Even if the Czech brand is profitable this year, it’s not going to be profitable enough to make up for all the losses at the various parts of Volkswagen, which revised its profit outlook down from a weak 4% to an even weaker 1%. The market’s not loving the action.

Per CNBC:

Shares were 0.5% lower in mid-morning deals, extending Friday’s 8.3% decline after Volkswagen downgraded its expected operating return on sales to 1%, from a previous forecast of 4% to 5.5%. It blamed an impairment related to its large holding in Porsche, a “further deterioration” in the market environment — particularly in China — and restructuring expenses.

“An accelerated shift in demand in favor of battery-electric vehicles … will lead to developments falling short of original expectations, especially for the Audi and Volkswagen Passenger Cars brands,” the company added.

Separately, Volkswagen was ejected from the Euro Stoxx 50 on Monday, a move announced earlier this month as part of the index’s annual update to reflect the euro area’s biggest companies across major sectors.

The last time Volkswagen was in this bad of shape it was recovering from the global financial crisis.

Credit Acceptance Corp. Accepts $710 Million Settlement

CFC RV
Screenshot: CAC

The Credit Acceptance Corporation is the nation’s largest subprime lender. It’s also been a party to a lawsuit originally brought by New York Attorney General Letitia James and the Consumer Financial Protection Bureau (the CFPB pulled out of the lawsuit without getting anything, likely because the Trump administration hates the consumer protection agency).

A group representing most of the attorneys general from across the United States kept the lawsuit going and scored a massive settlement.

From the NY AG’s office:

As a result, CAC will eliminate all debt owed by more than 55,000 consumers nationwide, resulting in more than $630 million in debt relief on auto loans that were destined to fail from the start. In addition, CAC will pay $60 million in restitution to thousands of additional consumers who were misled and lost their cars within months of taking out their loans with CAC. Finally, CAC will pay a $15.5 million penalty to the states. In total, New York will receive approximately $34 million in debt relief for consumers and restitution and penalty payments.

In addition to financial payments, CAC must adopt industry-leading practices to protect consumers. If certain at-risk borrowers default on car loans from CAC within 12 or 18 months and have their vehicle repossessed and sold, CAC must forgive 95 percent of their debt and will only be allowed to collect the remaining five percent. CAC is also barred from suing to collect the debt or reselling it to others. To prevent consumers from paying for unwanted add-ons, CAC must contact consumers outside of the dealer showroom to clearly inform them of any products they purchased and offer them a process to cancel those products while keeping their vehicles.

While CAC admitted no wrongdoing, the wrongdoing was extra wrong as Reuters notes:

In one alleged instance, Credit Acceptance awarded a $260-a-month loan to a mother of two though she made just $950 per month. The company collected $8,400 from her, and her vehicle was repossessed twice, court papers show.

BYD Recalls Trucks For Spare Wheel That Might Just Fall Off

Byd Shark
Photo: BYD

The BYD Shark isn’t just a random, low volume product in Australia, it’s lately been the best-selling truck of any kind for non-commercial buyers. And to prove the truck is a real player, and BYD is a real car company, it’s just gotten caught in a truly embarrassing recall.

According to News.com.au, the spare wheel under the bed could fall off the car unexpectedly. Why?

The company says “in certain circumstances incorrect installation of the spare wheel, incorrect positioning of the spare wheel tray or insufficient fastening torque may cause abnormal wear of the spare wheel support cable”.

Reading between the lines, the wheel is only held in place by a thin cable. That cable will be replaced by much stronger chains.

What I’m Listening To While Writing TMD

Wait, did The Weeknd just sample the theme from Neon Genesis Evangelion for his new song “Toyko” and perform it live this weekend? Yes. Yes he did. Damn, that’s cool.

The Big Question

What does Volvo need to do to survive?

Top photo: Golden Princess Film/Škoda

 

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Manwich Sandwich
Member
Manwich Sandwich
1 month ago

“What dose Volvo need to do to survive?”

I think they need to expand their North American manufacturing to get around tariffs. And they should get a plant into Canada again.

FormerTXJeepGuy
Member
FormerTXJeepGuy
1 month ago

I once had the cable holding up the spare rust out on my Chevy S10, which resulted in it falling and dragging behind me for a block before someone waved me down and told me what was going on.

Tong Thrower
Member
Tong Thrower
1 month ago

Who knew that when the middle class started to disappear Volvos would take a sales hit?

Bill C
Member
Bill C
1 month ago
Reply to  Tong Thrower

Hmm, you have to go back a few more years. They just bought Subarus instead.

FleetwoodBro
Member
FleetwoodBro
1 month ago

In the USA the Volvo brand’s historic attributes have been safety, comfort, and reliability and they would do well to re-focus on them. Their ad campaigns of the last twenty years have concentrated on vague aspirational themes selling what I would describe as virtuous affluence, which comes across as smug and plain annoying.

Spikedlemon
Spikedlemon
1 month ago

An accelerated shift in demand in favor of battery-electric vehicles

Striking contrast compared to the US-market stories.

Further divergence to the rest of the world’s market demand?

Wuffles
Wuffles
1 month ago
Reply to  Spikedlemon

BEV sales in the US are slowly rising still, just a drop compared to the 2025 frenzy to get in on the last of the tax credit.

As more models come out that people actually want, they will continue to increase in market share.

Hi!
Hi!
1 month ago

I know a lot of people are going to say that Volvo needs to return to its’ bricc roots with boredoms and well engineered reliability. More reliability never hurts, but I don’t think that’s Volvo’s problem. As a former Saab owner I love that they’ve taken over Saab’s role- shed a bit of that stodginess and focused on design. What Volvo needs is new product. The SPA cars were sensational when new and have held up stupid well, but all of their bread and butter is still 7-10 years old. I sold my father on an SPA S60 back in 2019 and that car still is being sold identically today. Regardless of long product cycles being a Swedish tradition, people who liked and owned the SPA in 2016 tend to want to experience something slightly different looking 10 years later. They seem to get that so they should be fine.

PeriSoft
PeriSoft
1 month ago
Reply to  Hi!

I really like my 2024 SPA XC60, and the platform is refined enough that it was rock solid through 70k miles – until last week, when an apparent manufacturing glitch resulted in the warranty replacement of the ERAD. My 2026 B5 loaner isn’t as nice; it feels cost-cut. The seat and steering wheel vinyl are kind of terrible, some little bits were removed like the netting on the side cubby in the cargo area, etc.

I’d be fine with swapping mine for the top-trim new version, honestly. The T8 is stupid fast, incredibly efficient, and the 2028 refresh will be even more so with double the EV range. And Android Automotive means it’ll basically keep pace infotainment wise. If I’m in the mood to replace it in a couple of years I might just go for the top-trim version of the same thing.

Eggsalad
Member
Eggsalad
1 month ago

RE: BYD spare tires.Plenty of pickup trucks have their spare tires suspended in position by a cable winch, including the famed GMT800 and it works just fine.

TBQ: I would like to buy a brand-new Volvo 245, please and thank you.

MyMustangBestMustang
Member
MyMustangBestMustang
1 month ago
Reply to  Eggsalad

Being in the midwest, I’ve seen plenty of these spare tires mounted under trucks. Usually, with a nice coat of rust covering the whole apparatus, making sure nothing comes loose

Spikedlemon
Spikedlemon
1 month ago

Until it does.

TheDrunkenWrench
Member
TheDrunkenWrench
1 month ago
Reply to  Eggsalad

I was gonna mention that, thin winch cables have been holding up spare tires for decades across various brands.

Spikedlemon
Spikedlemon
1 month ago
Reply to  Eggsalad

Warranty and recalls for spares tires have been an ongoing thing in this market, too. Toyota Sienna suffered one, even.

Canopysaurus
Member
Canopysaurus
1 month ago

Seems like it’s not always good to be a 1%er, eh VW?

TBQ: Mork, mork, mork

Data
Member
Data
1 month ago
Reply to  Canopysaurus

Mork is from Ork. Isn’t it bork? Bork de bork bork.

Canopysaurus
Member
Canopysaurus
1 month ago
Reply to  Data

Probably, those muppet verbalizations aren’t always clear.

Tong Thrower
Member
Tong Thrower
1 month ago
Reply to  Canopysaurus

Turns out if you put a muppet speaking mock Swedish through YerTubes’ closed caption generator you get Orkan.

Canopysaurus
Member
Canopysaurus
1 month ago
Reply to  Tong Thrower

Shazzbot!

Ottomottopean
Member
Ottomottopean
1 month ago
Reply to  Canopysaurus

I contend that the Swedish Chef is and always has been the creepiest of all muppets.

It has always creeped me out that he had real hands that were just too expressive. So weird.

Alexk98
Member
Alexk98
1 month ago

BYD Stands for “Build You Dreams.” Sounds like someone had a dream about recreating a Final Destination scenario at scale.

Beto O'Kitty
Member
Beto O'Kitty
1 month ago

TBQ? Sell Matt another Volvo.

Nsane In The MembraNe
Member
Nsane In The MembraNe
1 month ago

Volvo needs to get back to being Volvo rather than a poor impersonation of Tesla. Volvo chased every fad and basically made every single wrong turn they could’ve made over the last 5-7 years. They overcommitted to EVs at the expense of hybrids, they de-contented their famously nice interiors in favor of screens, and they’ve overcommitted to SUVs.

They basically did everything they shouldn’t have done. Honestly it’s pretty incredible that they could fuck up so badly over and over again, but alas. I also think Chinese ownership has harmed them quite a bit and driven a lot of the over reliance on tech gimmicks, but that’s a conversation for another time.

Volvo needs to make good, simple, stylish, safe cars with nice interiors and touch points again. That includes wagons and sedans, regardless of how big of a tantrum the bean counting nerds throw. Something else that I don’t think is discussed enough is how fucking expensive they’ve become.

Maybe I’m seeing the past through rose-colored glasses, but when I was growing up in the 90s and early 2000s Volvos were not exclusively owned by rich people…and if anything they kind of occupied the sort of premium niche that Acura currently does. They were something the middle class could aspire to…and that is no longer the case.

Literally everything is catered to the wealthy at this stage, and unfortunately Volvo can’t compete with the Germans on dynamics or powertrains, and they can’t compete with the Japanese on longevity. Their cars have become increasingly hard sells as a result because they don’t offer anything unique anymore.

IMHO if Volvo wants to come back they need to throw a hybrid wagon that’s within striking distance of a well equipped Outback together. Put the buttons back in the interior, reduce the screens, raid the parts bin if you have to, give it boxier styling, and get it to market. They should be capable of doing this, they have most of what they need in-house and can maybe give it a detuned version of their PHEV powertrain to save time and money.

I also think they need to update the XC60 in a similar way and (sigh), make it bigger, and maybe give it an optional third row. The XC90 is too fucking expensive for probably 98% of families now…and I think they should keep it around and turn it into their flagship SUV, but Volvo needs family cars that are vaguely attainable, and they don’t have that right now.

Urban Runabout
Member
Urban Runabout
1 month ago

“Volvo needs to get back to being Volvo rather than a poor impersonation of Tesla.”

This could also be said about Mercedes-Benz, BMW, Audi, VW….

Just because people want EVs does not mean people want Tesla-imitators.

Drive By Commenter
Member
Drive By Commenter
1 month ago
Reply to  Urban Runabout

Bingo. Ain’t nobody gonna out-Tesla Tesla. If you want a Tesla there’s no substitute.*

*Except maybe in China and Australia. The Atto 3 comes to mind as a cut-price Model 3 that is most of the Tesla interior experience but maybe without the driving dynamics.

William Domer
Member
William Domer
1 month ago
Reply to  Urban Runabout

Or Teslas for that matter

Bags
Member
Bags
1 month ago

I think at this moment Volvo has some more interesting cars than Merc or BMW, from the perspective of someone who doesn’t want something that looks like a bar of soap or a caricature of a beaver. I’d like to see more wagon options, but they are still offering sedans which is great.
So I think at a high level the models are there – but yeah. There were a lot of questionable decisions. The EX30 should have been a huge win for them but oversimplifying the interior was probably a miss (though we’ll never know how successful it would have been without being kneecapped by tariffs). Splitting Polestar out was pretty weird at the time and was obviously a miss in hindsight.

Again, I don’t think they’ve strayed as far as the Germans, but there is certainly room for improvement.

Wuffles
Wuffles
1 month ago
Reply to  Bags

The EX30 should have been a huge win for them but oversimplifying the interior was probably a miss

Everything else on the EX30 is secondary to probably the worse UX ever inflicted on any vehicle ever, and I’m including WWI tanks in that. Edmunds is being nice in their review, my limited experience included far, far more swear words.

Urban Runabout
Member
Urban Runabout
1 month ago
Reply to  Bags

Imagine if Volvo had created an EC30 instead –

Rather than a tall AWD phone booth – a lower and lighter-weight (therefore more efficient and cost-effective) RWD-only Polo/Renault 5 form.

With the costs saved from dual motors, huge wheels and body cladding, they could have installed a driver’s information screen and a few more buttons/switches.

Last edited 1 month ago by Urban Runabout
Unpaid Copyeditor Intern
Member
Unpaid Copyeditor Intern
1 month ago

You’re back!

Church
Member
Church
1 month ago

Look, I love The Weekend, but “perform it live this weekend” is a bit disingenuous. It played while he was on stage, sure, but other than a little dancing, not much performing was happening here. Dude can sing but that isn’t on display here.

Nsane In The MembraNe
Member
Nsane In The MembraNe
1 month ago
Reply to  Church

I’ve never been able to fully form an opinion on Abel. At his best he’s as good as anyone and he clearly has a strong artistic vision…but he has so many throwaway songs in his discography and he’s a merely average lyricist on a good day.

After Hours was as close as it got to me feeling like “hey we have a solid front to back project from The Weeknd”, but even that was just shameless 80s worship…which like, is fine, that was the best era of music ever. But I’ve just always wanted more from him, if that makes sense.

I don’t think his side quests are helping his case either. He’s a god awful actor and writer. I can’t help but feel like his ambition exceeds his abilities a lot of the time. That being said…he has a handful of songs that will be on my playlists for the rest of my life. I’ve just always been left thinking he hasn’t reached his sky high potential yet.

I do think he has the talent to go down as one of the greats but I don’t know that he’ll ever have the execution.

Sackofcheese
Sackofcheese
1 month ago

That is the best description I’ve seen to describe his catalog of music. Beauty behind the Madness will forever be one of my all times though. Came out right as I went through the implosion of what I thought was going to be my life so I’m a bit attached to it.

Hazdaz
Hazdaz
1 month ago

Volvo has been as good as dead to me since they were bought up by the Chinese.

NOPE.

I own enough things made in China. Too many of them I have no control over where they are made. I ain’t adding a Chinese car to that list.

All the silly little Swedish flags sewn into their seats and all the imagery of Vikings aren’t going to change the fact that they are Chinese through-and-through now.

Urban Runabout
Member
Urban Runabout
1 month ago
Reply to  Hazdaz

Some Volvos are still built in Sweden, you know.

You’ll be disappointed to learn where your Pöäng armchair came from tho.

Wuffles
Wuffles
1 month ago
Reply to  Urban Runabout

You’ll be disappointed to learn where your Pöäng armchair came from tho.

According to a quick search, all over, including China but also other EU countries, as they are commodity items. The pair in our office have “Made in Finland” on their tags.

Live2ski
Member
Live2ski
1 month ago
Reply to  Hazdaz

my Volvo was built in Belgium

Tekamul
Member
Tekamul
1 month ago
Reply to  Live2ski

Same

Mike Harrell
Member
Mike Harrell
1 month ago
Reply to  Live2ski

Mine were built in the Netherlands by Volvo Car BV, at the time a subsidiary of the better-known Volvo AB.

Space
Space
1 month ago
Reply to  Hazdaz

I don’t know if their Chinese ownership led to more tech/screens. If it did that’s definitely an example of deeper Chinese design roots.
Or maybe they just copied Tesla.

Autonerdery
Member
Autonerdery
1 month ago

Volvo needs to define its unique position in the “premium” market. I’m not saying they have to look backwards (but they certainly could…), but for decades you knew exactly what a Volvo was: a car engineered for safety and longevity, with an iconoclastic design sense built around logic and function. Not a super emotional car, but one you felt good about spending a decent chunk of change on, because you felt like you were getting a good return on your money. Turbos added a bit of spice to the mix without compromising the safety message.

What is a Volvo now, within the context of its competitive set? It’s still a pretty unemotional choice, but there’s no edge on safety, reliability, or a particularly unique take on design, although most modern Volvos are undeniably handsome and comfortable.

Obviously, the dozens of us who read this site would like them to bring back wagons; I think they should, too, if only because that provides a market niche that they can OWN, with solid, existing brand equity built in and little to no competition. The numbers may not be huge, but there’s little downside to claiming the loyalty of the next generation, who aren’t going to want to drive what their parents did (crossovers) but, like the last however many generations before, are still going to gravitate toward the functionality of a long roof and a tailgate.

Littlebag
Member
Littlebag
1 month ago
Reply to  Autonerdery

I’m with you. I feel like you used to get a Volvo if you thought of yourself as too weird for Lexus but valued the same things Lexus was good at. Now I regularly forget Volvo exists.

Liyan Zhu
Liyan Zhu
1 month ago
Reply to  Autonerdery

Volvo is the good looking luxury automaker. In a world where Mercedes design is trying to be Dubai and BMW design is trying to be something from an iRobot future, Volvo should lean into good design with lovely details (not just a freaking screen in a featureless expanse).

Autonerdery
Member
Autonerdery
1 month ago
Reply to  Liyan Zhu

Yes, absolutely. Adding a little color back into the mix wouldn’t hurt, though—that’s one area where BMW is still absolutely in the lead, even if too many cars coming off the lot are just German Rainbow clones.

Rapgomi
Member
Rapgomi
1 month ago
Reply to  Autonerdery

When I think of Volvo my first thought is simple but incredibly comfortable seats, not 300 way adjustable seats that are never quite right, but 6 way adjustable thrones that always feel perfect.

Surrounded by a simple high quality car that is not the best at anything, but does everything very very well.

JDE
JDE
1 month ago

you mentioned the Global financial crisis in the VW discussion, honestly I kind of fear that #2 is just around the Tariff/Diesel tarnished corner. Volvo might do ok if the polestar stuff takes off in Europe, but I am not sure. VW will be in a much bigger world of hurt though.

Space
Space
1 month ago
Reply to  JDE

We won’t hit Global Financial Crisis #2, the oceans will boil over from global warming in 2 years right before AI finishes us all off with bipedial robots.

LTDScott
Member
LTDScott
1 month ago

Lots of truck spare tires are only held up by a thin cable on a small winch. That in itself isn’t a problem.

Tong Thrower
Member
Tong Thrower
1 month ago
Reply to  LTDScott

The problem is when you use the cable to install the spare on the axle.

(Go ahead, tell me there’s not someone running around Florida with their wheel held on by bicycle brake cable; tell me that with even 75 percent confidence!)

Ben
Member
Ben
1 month ago
Reply to  Tong Thrower

I once held a ball joint together with wire, but that was on my lawn tractor that does at most 3 MPH.

Church
Member
Church
1 month ago

Better the spare fall off than one of the non-spare wheels, I guess.

Data
Member
Data
1 month ago

TBQ: MVGA – Make Volvo Great Again – Get Boxy.

Dogisbadob
Dogisbadob
1 month ago

Volvo needs to make good cars at good prices. And of course, wagons 😛

Mrbrown89
Member
Mrbrown89
1 month ago

Volvo needs to remove their enshittification of Tesla inspired interiors and go back to solid buttons and knobs, along decent software.

I was so happy when I moved from a Polestar 2 to a Blazer EV to get actual buttons to control basic functions. Not Volvo quality interior (thats what Cadillac is for) but with buttons and now Gemini in the car, I can control the majority of the functions very easily.

Harvey Firebirdman
Member
Harvey Firebirdman
1 month ago
Reply to  Mrbrown89

Yeah wish the 2 had more buttons I have gotten mostly used to it coming from cars with no touch screens but it compared to my dad’s Blazer EV is a night and day difference for controls. Though I like the screen layout a bit better in the 2 but not the lack of buttons. No idea what car I’ll go with in the future want to get an R3X but Rivian is allergic to buttons also. The scout (if comes out) will be to pricey. So maybe a used i4?

Autonerdery
Member
Autonerdery
1 month ago

We just picked up a CPO i4 this weekend and it’s great, but I’ve got bad news for you on the button front… At least it still has the iDrive knob, so not everything has to be controlled through the touchscreen.

Bearddevil
Member
Bearddevil
1 month ago
Reply to  Autonerdery

I just did that, too. The knob was actually a bit of a selling point. I’m still trying to figure out all the settings and options.

Harvey Firebirdman
Member
Harvey Firebirdman
1 month ago
Reply to  Autonerdery

Lame but hopefully when I part with the 2 that buttons start coming back in style hah

Last edited 1 month ago by Harvey Firebirdman
Arch Duke Maxyenko
Member
Arch Duke Maxyenko
1 month ago

What dose Volvo need to do to survive?

Make fun ads featuring Peter Stormare comparing Volvo’s to other great Swedish things like the moose, fjords, vikings, the Swedish Chef, IKEA and so on with the tagline of “Volvo – en svensk grej”

Tekamul
Member
Tekamul
1 month ago

You forgot Surströmming

Urban Runabout
Member
Urban Runabout
1 month ago

“Volvo needs all the help it can get, having overextended itself on EVs…”

What a ridiculous thing to post as fuel prices are now over $5+/gallon across the US (depending on location and fuel type) and over 50% of Americans are now interested in an EV for their next car – not to mention the costs of fuel in countries where it is not subsidized by government taxes.

https://carbuzz.com/most-americans-interested-in-evs-september-2026/

Volvo clearly needs more hybrids (plug in or otherwise), EVs and station wagons – and a sedan or two plus a smaller EV car (C30 replacement?) for those on a budget might be a smart move as well.

Last edited 1 month ago by Urban Runabout
Harvey Firebirdman
Member
Harvey Firebirdman
1 month ago
Reply to  Urban Runabout

The thing with Volvo hybrids they are expensive as hell. Would have loved a plugin V60 or V90 but they were all well over like 65k msrp

Urban Runabout
Member
Urban Runabout
1 month ago

The average price of a new car in the US is $50,000 these days.

Volvos were never average-priced/cheap cars.

Harvey Firebirdman
Member
Harvey Firebirdman
1 month ago
Reply to  Urban Runabout

Oh definitely they are semi-luxury cars but still could not see myself pay those prices for them. Also crazy how quickly the average new car price has shot up over the last 5 years. I’ll stick with used for now unless I somehow land a job that pays double what I make haha.

Bearddevil
Member
Bearddevil
1 month ago

The sad thing about the V60 PHEVs is that they only made the hotted-up Polestar version, so they all became “enthusiast” cars that are now selling *used* for over their new MSRP.

Harvey Firebirdman
Member
Harvey Firebirdman
1 month ago
Reply to  Bearddevil

Yeah that is what I noticed the only plugin V60 was a Polestar edition which are now going for a premium.

Bags
Member
Bags
1 month ago

I’ve actually been looking at a lot of used and CPO Volvos this week. They are an attractive option, and at face value the fuel economy isn’t bad, but needing to feed that turbo-4 with premium gas kinda makes it lose the appeal (same with some Audi’s I’ve looked at, to be fair)

Harvey Firebirdman
Member
Harvey Firebirdman
1 month ago
Reply to  Bags

Glad I got the CPO Polestar 2 last year (they are asking a couple grand more this year for CPO ones) not sure I would go back to a ICE for a daily after this unless electric prices flip flop majorly with gas prices hah.

Bearddevil
Member
Bearddevil
1 month ago

Agreed. Daily-ing an EV is such a nice experience. I just got my i4 yesterday, and it’s really nice so far.

Harvey Firebirdman
Member
Harvey Firebirdman
1 month ago
Reply to  Bearddevil

It is. Since I commute ~46 miles one way on mostly state roads through corn fields ACC is so nice to have and it is so much nicer and smoother then it is in a ICE as a lot of those systems will be way to heavy on the brakes to slow down vs an EV which can just Regen brake to slow down.
Also in about a year and 3 months of owner ship I have put on like 25kmiles (I think a little more) and not having to worry about oil changes or other fluids has been really nice.

Tiny Mouse
Member
Tiny Mouse
1 month ago
Reply to  Bearddevil

I double agree. I’ve had my Trailseeker for a month, and paying for 70 miles of range only cost me $4.30 (L2 rate) instead of $35 to $40 (@ around $5+ per gallon) like it would have in my Jeep.

Bearddevil
Member
Bearddevil
1 month ago
Reply to  Tiny Mouse

Dang. You’ve got expensive electricity. If I didn’t have a massive solar installation, I’d still only be paying $0.07/kWh off-peak. A 0-100 charge on my Fiat (140 miles) only costs about $3, or $5.80 for 300 miles on the BMW.

But with the big solar array, I’m a net generator, so it’s not really costing me anything.

Tiny Mouse
Member
Tiny Mouse
1 month ago
Reply to  Bearddevil

I don’t have home charging (apartment dweller), so that’s public L2 $0.20/kWh. No off peak rate. I’d be curious if I moved into a building with charging, if the rate would be less or the same.

RataTejas
RataTejas
1 month ago

They were a deal lightly used. I got my S60 Recharge for $42K off a sticker of $57K with six months and 5000 miles of use.

RataTejas
RataTejas
1 month ago
Reply to  RataTejas

Edited. V60 only came from Sweden and was/still is expensive as F.

Bearddevil
Member
Bearddevil
1 month ago

TBQ: STATION WAGONS.

Harvey Firebirdman
Member
Harvey Firebirdman
1 month ago
Reply to  Bearddevil

Dilly dilly

Neil Raines
Member
Neil Raines
1 month ago

The problem with the CAC settlement is that whoever is in charge isn’t in jail and/or very heavily fined.

Urban Runabout
Member
Urban Runabout
1 month ago
Reply to  Neil Raines

Bingo.
Bring out the Guillotine.

DangerRoad
Member
DangerRoad
1 month ago
Reply to  Urban Runabout

Wouldn’t it be nice to go down to your local tool rental place and pick up a fold down guillotine mounted on a small utility trailer? The trailer should have a dump feature for the heads and bodies so your clothing is not soiled while disposing of the trash. I do have some French genes in me, it is what they want.

Bearddevil
Member
Bearddevil
1 month ago
Reply to  Neil Raines

I feel like letting companies “not admit wrongdoing” is definitely sending the wrong message. As is allowing the people doing the bad things to suffer no consequences. Also, I am curious how much money they made from those sketchy loans, and if that figure is less than the fines and penalties. If it is, that’s not a consequence, that’s a cost of doing business. If we want punishments to teach, ALL the ill-gotten gains must be disgorged, AND a punitive penalty imposed, both on the company, and on the executives responsible.

Tbird
Member
Tbird
1 month ago
Reply to  Bearddevil

It’s the American way…

Yzguy
Yzguy
1 month ago
Reply to  Bearddevil

But then the company may go bankrupt, and dozens of execs would be out of work…WON’T SOMEBODY PLEASE THINK OF THE EXECUTIVES?!?!!!

Lockleaf
Lockleaf
1 month ago
Reply to  Bearddevil

They were not convicted. Therefore, they were not legally punished. they chose a settlement and the attorneys general agreed to that. Why aren’t you upset at all the state attorneys who “caved” and allowed this?

Bearddevil
Member
Bearddevil
1 month ago
Reply to  Lockleaf

Oh, I am always upset at attorneys and judges who take an easy settlement over fighting for a conviction. Our legal system has massive structural problems that incentivize avoiding trials because those take time and resources.

Andy Individual
Andy Individual
1 month ago
Reply to  Bearddevil

The courts are all tied up with Trump related lawsuits. Settlements are likely the only option these days unless more judges are hired and courts built. The worst part of that is it also means more lawyers. *SHUDDER*

Wuffles
Wuffles
1 month ago
Reply to  Bearddevil

If we want punishments to teach, ALL the ill-gotten gains must be disgorged, AND a punitive penalty imposed, both on the company, and on the executives responsible.

In order to do that you have to win the trial. This is very far from guaranteed, and if you lose then not only do they get off unpunished, they get to make PR hay with the result. Since AGs and prosecutors are elected positions, they seldom have the risk tolerance to go this route and would much rather have a hefty settlement to wave around the press conference, as happened here.

Bearddevil
Member
Bearddevil
1 month ago
Reply to  Wuffles

Thus the “structural problems” I alluded to. Like having poorly-paid government prosecutors who don’t have the resources to combat a biglaw firm on retainer plus a PR department, image consultants, lobbyists… I see similar structural problems in my work when our contracting department is too afraid to press a termination for cause because the contractor has more and better lawyers, so it’s easier and “safer” to just accept the substandard product that doesn’t meet requirements.

J Hyman
Member
J Hyman
1 month ago
Reply to  Neil Raines

Corporations are people…when it’s convenient.

Jdoubledub
Member
Jdoubledub
1 month ago
Reply to  J Hyman

The memory of hearing that judgement on NPR as I drove home is seared into my brain. That’s the day I knew we were cooked.

Lockleaf
Lockleaf
1 month ago
Reply to  Neil Raines

A settlement is not a conviction, so there is nothing you can put them in jail for. The attorneys general CHOSE to accept a settlement. Often this is motivated by a guarantee of money and action, as opposed to spending likely hundreds of thousands of dollars, possibly millions, over the next few years, trying to prosecute and actually get a conviction. And even if there is a conviction of the company, that is not a conviction of any individual, which requires an even greater level of effort and detail in order to prove that particular individual is extra responsible for the crime.

George A Mueller
George A Mueller
1 month ago

Yeah, I was wondering about that dose, also

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