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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.
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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.
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