Volvo Car (VOLCARB SS) CEO says the ramp-up of the EX60 has been slightly tougher than expected and thinks it might be very tricky to reach the original plan of producing 40k units by end of 2026

The phrase 'slightly tougher than expected' is the customary first-step language; precedent in comparable episodes is that the formal target adjustment tends to follow at the next scheduled update rather than in ad hoc commentary. The distinction worth drawing is between a ramp problem, which is execution and timing, and a demand problem, which speaks to the order book and pricing; comments framed around reaching a volume plan leave that question open, and the tell is whether management references orders and cancellations or only production logistics. For Volvo Car specifically, the read-through runs to margins and cash flow, since slower utilisation of dedicated EV capacity weighs on fixed-cost absorption, and to the contract manufacturers and suppliers keyed to the nameplate. The follow-ons are the next quarterly report for any formal guidance change, monthly registration data for the model, and any supplier-side commentary that corroborates the cadence.