![](https://2c717466dc25cd7041c9-8eeda6a8ca964cf210ed223dbc947813.ssl.cf2.rackcdn.com/22429020-783576564-107405058-1713878622182-gettyimages-2124961855-dsc_9641_lmja7hwm-100x56.jpeg)
Volvo Cars weighs tariffs-led production move, warns of 'hyper-competitiveness' in China
Sweden's Volvo Cars on Thursday reported a 12% rise in full-year operating income and record revenue, but warned of severe market challenges ahead from intensifying electric vehicle competition and global tariffs. The automaker, which is majority-owned …