Thursday, September 18, 2014   

Volvo Car reports return to profit on China sales
(08-20 18:14)

Chinese-owned Volvo Car Group announced a return to profits on Wednesday in an upbeat half-yearly report that cited "solid" demand for the Swedish brand particularly in China.
The Gothenburg-based manufacturer bucked dismal sales trends in the global auto industry with a 15-percent hike in turnover to 64.78 billion kronor ($9.39 billion, 7.06 billion euros).
Net profits was 535 million kronor in the first six months of the year compared to a 778 million kronor loss for the same period in 2013.
Sales in vehicle terms grew by 9.5 percent year on year to 229,013 units, compared to 209,117 for the same period in the previous year. --AFP   
Other Business breaking news:
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Warner Brothers plans to cut up to 1,000 jobs (2 hrs 10 mins ago)
Amazon to launch new tablets (2 hrs 22 mins ago)
Falling yen lifts Nikkei by break (2 hrs 41 mins ago)
Japan posts 26th month of trade deficit (2 hrs 45 mins ago)
Thai central bank holds interest rate (09-17 18:35)
Jack Ma denies emigration plan (09-17 16:54)
Tycoon buys 30 Rolls-Royces for Macau hotel (09-17 16:27)
Hang Seng ends on positive column (09-17 16:19)
European stocks open higher (09-17 16:04)

More breaking news >>

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