On Wednesday, Swedish company Volvo AB $VOLCAR-B.ST released its financial results for the first quarter of the current year, showcasing a decline in profits amid uncertainty regarding tariffs in the United States. These results raise certain alarm bells for analysts and investors, as demand for trucks in North America continues to weaken.

Zhejiang Geely Holding Group Co., owned by billionaire Li Shufu, has secured a landmark three-year syndicated loan agreement worth €2.4 billion (approximately $2.5 billion). This move will allow the company to refinance loans related to its acquisition of a stake in Swedish automaker Volvo AB in 2018, marking a significant step for Geely in strengthening its position in the global market.