Global trade war prompts Volvo to put brakes on its IPO
September 10, 2018 at 08:21 AM EDT
Volvo said Monday that the global trade war spurred by U.S. President Donald Trump has forced it to delay its plans for an initial public offering. “The issues around trade are hard for us because they impact cars shipped between China and the U.S. It’s a huge drawback,” Volvo Chief Executive Officer Hakan Samuelsson told...
Volvo said Monday that the global trade war spurred by U.S. President Donald Trump has forced it to delay its plans for an initial public offering. “The issues around trade are hard for us because they impact cars shipped between China and the U.S. It’s a huge drawback,” Volvo Chief Executive Officer Hakan Samuelsson told...