- Advertisement -

Volvo aims to sell 50.000 cars in China this year

Reading Time: < 1 minute

News like this to your inbox or phone?

Weekly summary to your inbox

Never miss an important news

Get Instant notification once the news is pusblished.

Volvo Car, owned by China’s Geely, aims to sell 50,000 cars in China this year , a senior executive said on Tuesday. Richard Snijders, president and CEO of Volvo’s China distribution unit , made the forecast in comments to reporters in Beijing. The new target would mark an increase from slightly more than 30,000 cars sold in the country last year.

Geely, parent of Geely Automobile Holdings , took over Volvo from Ford Motor in August 2010, marking China’s largest overseas auto acquisition.

Volvo chief executive Stefan Jacoby had in February unveiled a plan to invest up to $11 billion globally in new product development and facilities over a five-year period.

Via: EconomicTimes.

News instantly?

Get notified about every news in your phone.

- Advertisement -

You might also like

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -