Friday, March 27, 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:
Yen weakens (44 mins ago)
Hang Seng flat at mid-day (48 mins ago)
China industries still in the red (1 hr 11 mins ago)
Yahoo okays additional US$2 billion share buybacks (2 hrs 1 min ago)
Nikkei gains by break (2 hrs 27 mins ago)
Japan inflation stalls, household spending tumbles (2 hrs 53 mins ago)
Hang Seng, Shanghai positive (2 hrs 59 mins ago)
PetroChina profit falls to lowest in five years (03-26 18:31)
China banking giant ICBC says 2014 net profit rose 5pc (03-26 18:01)
Toyota rolls out shared-parts strategy to chop costs (03-26 17:40)

More breaking news >>

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