Volvo Cars said Klaus Zellmer, chief executive of Volkswagen’s Škoda brand, will become its president and CEO no later than October 1, 2027. He will succeed Håkan Samuelsson, whose current contract runs out in April.
The Geely-controlled automaker is working through weaker electric-vehicle demand, high development costs and tariff exposure. Its strategy calls for 13 new models by 2030, while production changes include moving hybrid XC60 output to South Carolina and increasing EX30 production in Belgium.
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