17 December 2018

China sales help Volvo return to profit, WSJ says

Volvo Car Corp. went back into the black last year as surging demand in China contributed to an unexpectedly strong second-half performance, the Wall Street Journal reported Monday, citing Volvo chief executive Hakan Samuelsson. Sales rose 46 percent to 61,146 vehicles in 2013, the report said. Volvo will not repeat that performance this year but it will still outpace the market by growing between 10 percent and 15 percent, Samuelsson was quoted as saying.


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