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
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.