
Shares in European automakers Volvo Cars and Stellantis surged on Thursday as stronger-than-expected U.S. sales figures alleviated investor concerns that tariffs might dampen demand. The positive performance came despite ongoing worries about higher import duties imposed by U.S. President Donald Trump as part of his administration's broader push to boost domestic manufacturing. Automakers across the industry have been implementing strategies to mitigate potential tariff impacts, including focusing on higher-margin vehicle segments.
Stellantis reported its first quarterly growth in the U.S. market this year, with new car sales rising 6% in the third quarter. The French-Italian-American automaker's shares climbed as much as 7% following the late Wednesday announcement. The company noted that all of its major brands—Jeep, Chrysler, Ram, and FIAT—experienced sales growth during the period, indicating broad-based strength across its product portfolio despite the challenging trade environment.
Volvo Cars similarly posted encouraging results, with shares rising 5% after the Swedish automaker reported a 3% increase in third-quarter U.S. sales. The company's sales composition revealed that non-electrified models continued to dominate its U.S. business, with nearly 70% of September volumes consisting of mild hybrids and other internal combustion engine vehicles. This sales mix highlights how traditional powertrains remain central to the company's American market strategy even as it expands its electric vehicle offerings.
The Swedish carmaker, majority-owned by China's Geely Holding, faces significant exposure to U.S. tariffs since most of its U.S.-bound vehicles are manufactured in Europe. Currently, Volvo produces only its electric EX90 SUV in the United States, but the company has announced plans to begin local production of its popular XC60 plug-in hybrid by the end of 2026. An additional hybrid model is scheduled for production at its South Carolina factory before 2030, representing a strategic shift toward localized manufacturing to reduce tariff vulnerability.

Finnair is gradually restoring its Airbus A321 fleet to service after an uncertified cleaning procedure forced the grounding of eight aircraft. The airline confirmed that seat covers were washed with water, a method not properly certified to ensure fire protection standards were maintained. This safety concern prompted the removal of the affected aircraft from service, leading to operational disruptions across Finnair's European network.
The situation began improving over the weekend as Finnair started installing new seat covers on the grounded aircraft. The first A321 returned to service on Sunday, operating a flight from Helsinki to Rhodes. However, seven aircraft remain out of service with no confirmed timeline for their full return. The A321s typically seat approximately 200 passengers and are crucial for Finnair's European route operations.
The grounding has resulted in significant passenger disruptions, with Finnair implementing extensive rebooking procedures. On Sunday alone, approximately 460 passengers were moved to different flights due to aircraft downgrades. The airline has prioritized high-frequency routes such as Helsinki-Stockholm and Helsinki-London, ensuring alternative options are available. In some cases, Finnair has used smaller replacement aircraft and offered incentives for volunteers to switch flights.
To manage the capacity shortfall, Finnair has wet-leased two aircraft with crews from Danish carrier DAT since Wednesday. While flight cancellations have decreased to single digits in recent days, with some days passing without any cancellations, the airline acknowledges that irregularities may continue through the coming week. Finnair is providing accommodation and compensation to affected passengers in accordance with EU air passenger rights regulations as it works to fully resolve the operational challenges.