Volvo to take $1.2B impairment charge on launch delays, tariff costs

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Rostock / Germany - August 12, 2017: steering wheel in a Volvo cockpit on public event hanse sail

huettenhoelscher

Launch delays and tariff issues associated with its all-electric ES90 sedan and EX90 SUV will result in a $1.2B impairment charge for Volvo (OTCPK:VLVLY) (OTCPK:VOLAF) (OTCPK:VOLVF) in the second quarter, the company said in a statement on Monday.

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