Saturday, October 25, 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:
China and 20 other countries sign up to regional bank (10-24 18:00)
Britain says EU is asking for bigger contribution (10-24 17:49)
British economy grows slower in Q3 (10-24 17:00)
Firm in China's first bond default to be restructured (10-24 16:59)
Hang Seng closes lower (10-24 16:22)
Pearson reports sliding sales (10-24 16:22)
European stocks fall at open (10-24 16:05)
BASF says won't meet 2015 targets (10-24 16:04)
ECB to unveil results of eurozone bank health check (10-24 16:04)
German consumer confidence stops falling: survey (10-24 15:59)

More breaking news >>

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