- Reuters
Volvo to delay EX30's US shipments due to higher tariffs on Chinese imports
Volvo had previously said it would begin selling the EX30 in the United States later this year, but a spokesperson on Wednesday told Reuters that deliveries will not start until 2025, in part due to the introduction of tariffs of more than 100% on Chinese EV imports by the U.S. government. U.S. President Joe Biden unveiled steep tariff hikes on Chinese imports last month, including over 100% on EVs, up from 27.5% earlier. Volvo, the Swedish luxury brand owned by China's Geely, started building the EX30 in Zhangjiakou, China, and said last year it would expand production of the small electric SUV to a plant in Belgium beginning 2025.
- Benzinga
IKEA Founder Was Worth $60 Billion But Drove A 1993 Volvo, Flew Coach And Got His Haircuts In Developing Countries: 'I'm Stingy And Proud'
While Warren Buffett is widely recognized as the quintessential frugal billionaire, another name less familiar yet equally prudent in his financial habits is Ingvar Kamprad, the founder of IKEA. Kamprad, who passed away in 2018 at the age of 91, was one of the world's wealthiest individuals, yet his name seldom surfaces in popular discussions about billionaire thriftiness. According to a 2006 Forbes article, he reportedly stated, "I'm stingy and proud." Don't Miss: Are you rich? Here’s what Amer
- Zacks
VLVLY vs. MOD: Which Stock Is the Better Value Option?
VLVLY vs. MOD: Which Stock Is the Better Value Option?
