2003 Volvo S60 Base Sedan 4-door 2.4l 89k Miles No Reserve Clean Title!!! on 2040-cars

Auto blog

Volvo blames EU tariffs as it lowers its 2024 sales forecast

STOCKHOLM — Volvo Cars cut its full-year retail sales forecast on Thursday, blaming European tariffs on EVs made in China that will hit one of the Swedish automaker's key electric models until it shifts production to Belgium. While reporting better than expected second-quarter results that sent its shares up 6% in morning trade, Volvo lowered its forecast for sales growth this year to 12%-15%, down from 15%. "It's really driven by tariffs," CEO Jim Rowan told Reuters. "It's a short-term issue for us, but it is an issue and we're just going to have to deal with that." Rowan said that while Volvo still hoped for 15% growth, it was now providing a range given the uncertainty. "We wanted to put a floor on that for the markets to say we're still going to grow but there are some headwinds," he said. Earlier this month, the EU announced provisional tariffs of up to 37.6% on imports of EVs made in China, saying they benefited from unfair subsidies — an allegation Beijing rejects. Volvo is majority-owned by China's Geely and faces a 19.9% tariff on its Chinese-made fully-electric EX30. Rowan said the Swedish automaker faced a "minimum of six months" of tariffs until it moves EX30 production to Belgium, which is expected to start early next year. Volvo said the main ramp-up of EX30 production at its factory in Ghent was expected during the second half of 2025. Bernstein analysts said in a note that the new sales guidance was "sensible given todayÂ’s macroeconomic situation." Major automakers have seen slowing demand for EVs, driven in part by a lack of affordable models and the slow rollout of charging points. Meanwhile, U.S. and European automakers have reported strong sales of hybrids, and are rolling out more such models to meet demand. Volvo said it saw a "modest decline" in orders for fully electric models in the second quarter, but noted "demand for hybrid cars remains very strong". "We will continue to invest in this line-up and these cars form a solid bridge for our customers not yet ready to move to full electrification," Rowan told analysts in a conference call. Volvo produced 211,900 cars in the second quarter, more than it sold amid the decline in European demand for EVs. Its operating income, which includes its stake in loss-making Polestar, rose to 8 billion crowns ($758 million) from 5 billion crowns a year earlier. That topped the 6.7 billion crowns expected by analysts, LSEG data showed.

Autoblog's Editors' Picks: Our complete list of the best new vehicles

It's not easy to earn an “EditorsÂ’ Picks” at Autoblog as part of the rating and review process that every new vehicle goes through. Our editors have been at it a long time, which means weÂ’ve driven and reviewed virtually every new car you can go buy on the dealer lot. There are disagreements, of course, and all vehicles have their strengths and weaknesses, but this list features what we think are the best new vehicles chosen by Autoblog editors. We started this formal review process back in 2018, so there's quite of few of them now. So what does it mean to be an EditorsÂ’ Pick? In short, it means itÂ’s a car that we can highly recommend purchasing. There may be one, multiple, or even zero vehicles in any given segment that we give the green light to. What really matters is that itÂ’s a vehicle that weÂ’d tell a friend or family member to go buy if theyÂ’re considering it, because itÂ’s a very good car. The best way to use this list is is with the navigation links below. Click on a segment, and you'll quickly arrive at the top rated pickup truck or SUV, for example. Use the back button to return to these links and search in another segment, like sedans. If youÂ’ve been keeping up with our monthly series of the latest vehicles to earn EditorsÂ’ Pick status, youÂ’re likely going to be familiar with this list already. If not, welcome to the complete list that weÂ’ll be keeping updated as vehicles enter (and others perhaps exit) the good graces of our editorial team. We rate a new car — giving it a numerical score out of 10 — every time thereÂ’s a significant refresh or if it happens to be an all-new model. Any given vehicle may be impressive on a first drive, but we wait until itÂ’s in the hands of our editors to put it through the same type of testing as every other vehicle that rolls through our test fleet before giving it the EditorsÂ’ Pick badge. This ensures consistency and allows more voices to be heard on each individual model. And just so you donÂ’t think weÂ’ve skipped trims or variants of a model, we hand out the EditorsÂ’ Pick based on the overarching model to keep things consistent. So, when you read that the 3 Series is an EditorsÂ’ Pick, yes, that includes the 330i to the M3 and all the variants in between. If thereÂ’s a particular version of that car we vehemently disagree with, we make sure to call that out.

Cyan Racing Volvo P1800 First Drive: The Swedish answer to Singer Porsche

There’s a good chance youÂ’ve never heard of Cyan Racing unless youÂ’re a fan of World Touring Car Championship racing. Its previous name might ring a bell, however: Polestar Racing. Before the performance road car side of its business was sold to Volvo, and therefore long before that business was in turn spun off into an electric car brand, Polestar developed and campaigned racecars. Now known as Cyan Racing, it has had quite the run of success, too, as theyÂ’re the reigning champions in the WTCC series with five titles so far. Somehow, they found the time to create something entirely different: the Volvo P1800 Cyan. As the name implies, itÂ’s based on the P1800 coupe that was produced from 1961 through 1973. Readers of a certain age will associate that car with Roger Moore as The Saint, before he became James Bond. The P1800 has always been an anomaly in the Volvo lineage. Its classic shape came from the Frua/Ghia studio in Italy and even though it never had sports car credentials, the P1800 had a small but loyal following. So loyal that a P1800S holds a Guinness World Record for the 3.25 million miles driven by its original owner. Despite the P1800 CyanÂ’s undeniable similarity to the original Volvo coupe, itÂ’s an entirely different beast.  The only items that remain from the original 1964 donor vehicle are its steel chassis, hood release, handbrake, and windshield wipers. High-strength steel has replaced much of the substructure and the body has been reimagined in carbon fiber. Under the hood is a turbocharged 2.0-liter four-cylinder sourced from the Volvo S60 TC1 race car. It produces a surprising 420 horsepower and 336 pound-feet of torque at 6,000 rpm. Bolted to the block is a five-speed Holinger manual transmission that sends power to the rear wheels. The original P1800Â’s live axle is replaced by an independent rear with front and rear double-wishbone suspensions being fully adjustable. The 18-inch custom wheels are shod with Pirelli P Zero rubber: 235 widths up front and 265s in the rear. This all results in a featherlight 2,180-pound curb weight. LetÂ’s just say that again for effect: 2,180 lbs. ThatÂ’s lighter than a Miata, folks. At this point, the P1800 Cyan is already unreasonably cool, but wait, thereÂ’s so much more. Hans Baath, general manager for Cyan Racing proudly admits that Singer Vehicle Designs is a huge inspiration for this project, and if youÂ’ve ever seen a Singer Porsche in person, you probably have an idea of whatÂ’s next.