Volvo Cars has brought back former CEO Hakan Samuelsson to head the company for the next two years at a turbulent time marked by mounting tariff pressures, replacing Jim Rowan who has run the group since 2022. “The car industry is under pressure from many directions,” Samuelsson said in a statement.
Volvo Cars board Chair Eric Li said the company was facing fast-moving technological shifts, growing geopolitical challenges, and intensifying competition. “He brings a rare combination of industrial depth, strategic clarity, and proven leadership and Hakan has a broad knowledge of our group.”
