Wednesday, October 7, 2015   

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:
(Tech) Microsoft Lumia, the flagship Windows smartphone (13 mins ago)
China forex pile shrinks further to US$3.5 trillion (1 hr 23 mins ago)
US internet stocks feel shock from EU data privacy ruling (1 hr 44 mins ago)
Amid weak smartphone sales, Samsung predicts quarterly operating profit (1 hr 53 mins ago)
Bank of Japan holds fire on further stimulus (1 hr 59 mins ago)
Yen gains against greenback (2 hrs 8 mins ago)
Energy stocks lift Hang Seng (2 hrs 13 mins ago)
Asia oil prices rally (2 hrs 15 mins ago)
Nikkei falls at break (2 hrs 18 mins ago)
Bank of China ordered to hand over details of counterfeit gang accounts (2 hrs 33 mins ago)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.