Mexican Media Brands
Volvo Cars Posts Big Profit Gain
Volvo Car Group reports its operating profit in the first half of 2015 surged 71% to 1.7 billion kronor (€175 million).
Revenue in January-June grew 12% to 75 billion kronor (€7.9 billion), and deliveries advanced 1% to 232,300 units.
#economics
Share
Volvo Car Group reports its operating profit in the first half of 2015 surged 71% to 1.7 billion kronor (€175 million).
Revenue in January-June grew 12% to 75 billion kronor (€7.9 billion), and deliveries advanced 1% to 232,300 units. Volvo says a sales slowdown in China was offset by strong gains in Europe. Demand in the U.S. was flat.
The company predicts a "substantial" jump in full-year profits for 2015. The company reiterates it expects to push global sales to 500,000 units this year and 800,000 in 2020.
RELATED CONTENT
-
MTU Research to Boost Fuel Economy ~20%
Researchers are using V2X communications and other methods to provide vehicles with a significant increase in fuel economy.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.