Mexican Media Brands
Volvo Cars Triples Operating Income in First Half
Volvo Car Group reports its operating income zoomed to 5.6 billion kronor ($650 million) in the first half of 2016 from 1.7 billion kronor in the same period last year.
#economics
Share
Volvo Car Group reports its operating income zoomed to 5.6 billion kronor ($650 million) in the first half of 2016 from 1.7 billion kronor in the same period last year.
Revenue and unit sales each climbed 11% to 83.6 billion kronor ($9.7 billion) and 258,600 cars, respectively. The company notes that volumes rose 10% in Europe, 25% in the U.S. and 6% in China.
The company predicts record results for the full year, driven in part by strong demand for its flagship XC90 luxury crossover vehicle. That model will be joined by the redesigned S90 sedan and V90 wagon later this year.
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
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
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future