The EV maker's departure highlights the rapid unraveling of the globalized auto industry as Washington restricts Chinese software

Volvo’s upscale electrified division pulls the proverbial plug on future U.S. sales because of its ties to China.

The Swedish automaker, owned by the Chinese Geely Group, will not be allowed to sell EVs in the U.S. model year 2027 onward.

Commerce Dept doesn't grant authorization to sell under Connected Vehicles Rule