19 September 2018

Volvo expects to exceed 2013 China sales target, WSJ says

Volvo Car Corp. expects to surpass its sales target in China this year thanks to an expanded dealer network and wider product range that helped fuel a 50 percent increase in October sales, the Wall Street Journal reported Tuesday. The Swedish auto maker owned by China’s Zhejiang Geely Holding Group Co. sold more than 5,000 cars in China last month and has sold 48,000 units this year, a 42 percent increase from 2012. It is aiming to sell 50,000 cars in the mainland this year, the report said.

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