Volvo Car's abrupt decision to tap Hakan Samuelsson as its CEO puts the car industry veteran back in charge of steering the automaker through U.S. President Donald Trump's tariff turbulence and a wobbly transition to electric cars,

Volvo Car reappointed Hakan Samuelsson as its chief executive, with the Swedish carmaker facing strengthening headwinds from imminent U.S tariffs and intensifying competition.

Volvo Car AB said Hakan Samuelsson, who served as its chief executive officer from 2012 to 2022, will retake the helm as the Swedish carmaker tries to navigate its way out of a malaise worsened by looming US tariffs.