Mexican Media Brands
Volvo Car’s Operating Profit Jumps 21%
Volvo Car Corp.’s operating profit in the first half of 2017 surged 21% to 6.8 billion kronor ($819 million), the Swedish carmaker’s best January-June result in six years.
#economics
Share
Volvo Car Corp.’s operating profit in the first half of 2017 surged 21% to 6.8 billion kronor ($819 million), the Swedish carmaker’s best January-June result in six years.
Revenue for the period climbed 18% to 99 billion kronor ($11.9 billion). Unit sales rose 8% to 277,600 cars.
Volvo’s deliveries across Europe grew 7% to 160,800 units in the first half. Sales fell 7% to 34,100 units in the U.S. because of delivery constraints. But volume jumped 28% to 51,900 cars in China.
The company, which sold a record 534,300 cars last year, describes itself as “firmly” on course to surpass that level in 2017. Volvo CEO Hakan Samuelsson says sales will be aided by improved second-half results in the U.S. and the debut of the redesigned Volvo XC60 midsize crossover model.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.