• Sweden's news in English
 

Volvo Cars sales rise on strong China growth

Published: 09 Jan 2014 16:10 GMT+01:00

The Asian country became Volvo's first market at the end of last year, during which the company sold 427,840 cars, 1.4 percent more than in 2012.
   
"After six consecutive months of growing sales we can report a great full-year performance exceeding last year's results," Volvo Cars Marketing, Sales and Customer Service executive Alain Visser said.
   
"Our China team has delivered fantastic growth and we will continue to expand our presence there."
   
The figures vary sharply from country to country.
   
In the United States, still Volvo Cars' strongest market for the entire 2013, sales were down by 10 percent compared to 2012.
   
The company hinted at a need to broaden the product range in the country.
   
"We have new products reaching US showrooms soon," Visser said.    
 
In China, the 45.6 percent growth recorded in 2013 was distorted by an underestimation of sales in 2011 and an overestimation in 2012, detected by Volvo in the beginning of last year.
   
Last year, Volvo opened its second and third Chinese factories with the support of the China Development Bank.
   
In Sweden, its third largest market, Volvo Cars increased its market share to 20 percent, with sales up by 0.8 percent.
   
The company, which intended to return to operating at breakeven in 2013 after repeated losses since the second quarter of 2011, did not provide any profit figures.
   
Volvo Cars, acquired by Geely in 2010, is independent from truck maker Volvo Group since 1999.
 

AFP/The Local (news@thelocal.se)

Your comments about this article

Today's headlines
Wet July dampens Swedes' summer spirit
Rain in Stockholm. Photo: Marcus Ericsson/TT

Wet July dampens Swedes' summer spirit

Swedes complaining about the disappointing summer were vindicated after meterologists revealed on Friday that July indeed finished wetter – but warmer – than normal. READ  

Swedes get set for new money, money, money
Christina Wejshammar of Sweden's central bank. Photo: Vilhelm Stokstad/TT

Swedes get set for new money, money, money

A new smartphone app is set to help Swedes navigate the biggest switch in bank notes the country has ever seen with only two months to go before the new cash is introduced. READ  

Bananas free Swedish man from speeding fine
These are not the bananas on trial. Photo: Leif R Jansson/SCANPIX

Bananas free Swedish man from speeding fine

A Swedish driver has escaped speeding tickets in court – because the offender was eating a banana. If that sounds bananas to you, keep reading. READ  

Swedish farm mystery as pigs vanish without trace
Schörling suspects that the swine, which have a value of around 65,000 kronor, were stolen. Photo: Lars Pehrson/SvD/SCANPIX

Swedish farm mystery as pigs vanish without trace

UPDATED: A Swedish farmer is mystified about the disappearance of 64 pigs from his farmyard in the town of Vingåker, central Sweden. READ  

Snoop Dogg's initial drug test positive say police
Snoop Dogg in concert in Uppsala. Photo: Marcus Ericsson / TT

Snoop Dogg's initial drug test positive say police

Initial tests suggest that US rapper Snoop Dogg was under the influence when he was arrested by Swedish police after performing at a gig last weekend, a police spokesman told The Local on Friday. READ  

Mining behind Swedish 'earthquake' say experts
The Malmberget mine in northern Sweden. Photo: Carl-Johan Utsi/TT

Mining behind Swedish 'earthquake' say experts

On Friday Sweden awoke to news of the second earthquake in less than a week, this time in the far north of the country. But a seismologist told The Local that the tremors were the result of mining activity. READ  

Concerns over 'too Swedish' police force
Swedish police are struggling to attract people from foreign backgrounds. Photo: Fredrik Sandberg/TT

Concerns over 'too Swedish' police force

UPDATED: Swedish police academies expressed concern on Friday over a sharp decline in the number of foreign-born future officers. READ  

The Local Recipes
How to throw your own Swedish crayfish party
Swedish crayfish party. Photo: Carolina Romare/imagebank.sweden.se

How to throw your own Swedish crayfish party

August crayfish parties are one of the highlights of the Swedish calendar and appeal to people of all ages. Food writer John Duxbury shares his best tips with The Local for making your own crayfish party a success. READ  

Sweden to crack down on silly police reports
A police spokesman told The Local they receive many complaints from people who lose their car keys. Photo: Fredrik Sandberg/SCANPIX

Sweden to crack down on silly police reports

The Swedish government announced on Thursday that is is going to launch an investigation into valuable police time being wasted by officers forced to deal with unnecessary reports and complaints. READ  

Booming exports boost for Sweden's economy
The Swedish economy is growing. Photo: Pontus Lundahl/TT

Booming exports boost for Sweden's economy

Figures showing a surprise financial growth spurt in the second quarter of the year have been hailed as proof that Sweden's economy is on the road to recovery. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Technology
Modern mugging: Swedish thieves use smartphone app to rob man
Lifestyle
Five fun festivals to get you partying in Sweden this week
National
How a century-old Russian sub wreck got Sweden into a frenzy
Gallery
People-watching: July 29th
National
How to become a Swedish woman
Blog updates

31 July

Editor’s blog, July 31st (The Local Sweden) »

"Dear readers, As the Stockholm Pride Festival kicked off this week, we spoke to the chairman of..." READ »

 

15 July

Climate Change: A New Risk Assessment (The Diplomatic Dispatch) »

"Climate change is one of the most serious threats facing the world today.   The UK is..." READ »

 
 
 
National
Free bus cards for refugees in Sweden
Lifestyle
New snaps of Sweden's baby prince
National
Why are Swedes so scared of Russian submarines?
Gallery
Property of the week: Simrishamn, Skåne
National
Why has Snoop Dogg said he will never return to Sweden?
Sponsored Article
Getting pregnant the Swedish way
Features
Five outrageously harsh tourist comments about Sweden
Sponsored Article
Why is Sweden still working with Russia?
Gallery
People-watching: July 24th-26th
Travel
Seven ways to beat the Swedish rain
National
Should Sweden's alcohol stores be open on weekends?
National
How to become a Swedish man
Gallery
People-watching: July 22nd
Lifestyle
How to never miss your favourite features on The Local
National
Royal husband on 'breadwinner' role
National
Stockholm to ban all cars for one day
Sponsored Article
Outsourcing drives Apreel's Europe growth
Gallery
Property of the week: Sölvesborg, Blekinge
National
Questions over who would replace Swedish PM in a crisis
Gallery
People-watching: July 17th-19th
National
Why are Swedish women joining Isis?
Travel
Ten Stockholm streets you just have to walk down
Sponsored Article
'Swedish women must demand their partners use a condom'
Sport
Did UK football parents threaten Swedish kids?
Technology
Stockholm scientists find world's oldest sperm
Gallery
People-watching: July 15th
National
Angry Swede uses bird nest as fake speed camera
National
Meatball row as Ikea changes recipe
National
Sweden's new princess in spotlight
National
Slimy slugs go on sale to raise cash for EU migrants in Sweden
National
Crown Princess Victoria turns 38
Sponsored Article
Harstena: Life in Sweden's secret archipelago
National
Is this the best marriage proposal story in Malmö's history?
Sponsored Article
'Biofuels critical for climate-friendly flights'
Sponsored Article
Gaps don't have to kill your Swedish CV
National
Why summer could be the best time to invest in a Swedish property
Gallery
Property of the week: Bollnäs, Hälsingland
National
Swedish house on sale for one krona
National
Would you give this ugly food a home?
Gallery
People-watching: July 10th-12th
Travel
Foreign hikers in Sweden set to get more help in English
National
Prince Nicolas enjoys first summer
National
Meet the amazing Swedish granny who loves theme parks
National
Stockholm to host Eurovision 2016
Sponsored Article
'Swedish industry needs US trade deal'
Sponsored Article
Sweden's 'incredible' chance to connect
Sponsored Article
'Today's refugees could be tomorrow's Zlatan'
Sponsored Article
Crans-Montana: International expat hub
Sponsored Article
‘I don’t feel Swedish, I feel international’
Sponsored Article
VIP Mingle at Almedalen's hottest event
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

3,287
jobs available
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
psdmedia.se