• Sweden's news in English
 
app_header_v3

Volvo Cars sales rise on strong China growth

AFP/The Local · 9 Jan 2014, 16:10

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.
Story continues below…
   
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
Swedish city ‘receiving more tips about extremists’
Rosengård in Malmö is a troubled suburb with a reputation for crime and ethnic segregation. Photo: TT

More names of alleged extremist recruiters.

Mona Sahlin quits in bodyguard mortgage fiasco
Mona Sahlin. Photo: TT

UPDATE: Mona Sahlin has stepped down from her position as Sweden's national coordinator against violent extremism, after revelations that she had misrepresented her bodyguard’s salary to help him secure a mortgage.

Watch out for rail delays this holiday weekend
Photo: Nora Lorek/TT

Make sure you bring plenty of entertainment if you’re taking the train between Sweden’s two biggest cities this weekend.

Interview
Can these cartoon Swedes help foreigners blend in?
One of the cartoons in the new book. Copyright: Julien S. Bourrelle

Dating happens after sex and Swedes can struggle to show their emotions.

Interview
Why I bared my breasts for a school photo
Photo: Private

“I think it’s a social construct that we should think of breasts as such a big deal.”

Weary asylum seekers choose to leave Sweden
Police supervise a queue of asylum seekers at Hyllie station near Malmö in November 2015. Photo: Johan Nilsson/TT

Year-long waits are one reason.

Disgraced celeb surgeon defends work in first interview
Paolo Macchiarini. Photo: Lorenzo Galassi/TT/AP

Scandal-hit Italian surgeon Paolo Macchiarini is accused of using Swedish patients as guinea pigs.

The Local List
Nine startling ways Sweden's capital will steal your heart
Living in Stockholm isn't all about Abba and meatballs. Photos: Hasse Holmberg/Anders Wikström/Christine Olsson/TT

It's easy to fall in love with Stockholm's architecture, parks and sense of style. But there are so many more reasons to be passionate about the stunning city.

Couple terrified after new tenant bakes hash cake
This gingerbread cake is perfectly innocent. Photo: Fredrik Sandberg/TT

He doesn’t Iive with them any more.

Fury as sacked boss gets job with migration agency
Angeles Bermudez-Svankvist in 2011. Photo: Janerik Henriksson/TT

“People were screaming in the corridors.”

Sponsored Article
The Inner Circle: Stockholm's secret dating scene
International
Eurovision heads to the US (kind of)
Sponsored Article
Eat, learn, live: unforgettable holidays in France
National
Sweden set for sunny weekend
Fastighetsbyrån
Gallery
Property of the week: Vollsjö, Sjöbo
Blog updates

29 April

Editor’s blog, April 29th (The Local Sweden) »

"Hello readers, Relations between Sweden and Russia went from slightly strained to full-on James Bond this…" READ »

 

18 April

A day as a guard (The Diplomatic Dispatch) »

"Life as an Ambassador. Driven around in the Jaguar. Visits all planned so you go straight…" READ »

 
 
 
Sponsored Article
Kista: The best office space in Sweden?
Features
How to be a cool Swede during a hot summer
Sponsored Article
'Swedes must realize only soft power can defeat radicalism'
Gallery
People-watching: April 29th - May 1st
Analysis & Opinion
Why Sweden's fretting about Brexit
National
INTERVIEW: Swedish police officer 'beat me up and used racial slurs'
Sponsored Article
How to launch your international career
Gallery
People-watching: April 27th
Sponsored Article
Becoming an expat: where to start
National
Öresund bridge border checks net record number of drink drivers
National
Swedes bid farewell to iconic Volvo
Sponsored Article
Why international researchers love to call Malmö home
Gallery
Property of the week: Enköping
Sponsored Article
How Stockholm startups help new employees feel at home
Gallery
People-watching: April 22nd-24th
Politics
Could Brits in Europe stop Brexit?
Sponsored Article
‘Life in Stockholm’s suburbs is better than people realize’
National
The first official picture of Sweden's new royal Prince Alexander
Sponsored Article
'I may work at a Swedish company, but we’re global'
National
Sweden's Sami reindeer still live in the shadow of Chernobyl
Sponsored Article
'A sustainable Sweden must embrace diversity'
Finest
Gallery
People-watching: April 20th
Sponsored Article
What's the best way for expats to transfer money abroad?
National
Why was a Nazi flag hoisted in a Swedish town on Hitler's birthday?
Sponsored Article
Sigtunaskolan: 'The best of what Sweden has to offer'
National
How did Sweden's deputy PM get in trouble over New York comments?
Sponsored Article
'I may work at a Swedish company, but we’re global'
Finest
Gallery
People-watching: April 16th-17th
Sponsored Article
The Inner Circle: Stockholm's secret dating scene
Culture
Sweden finally axes historic dancing ban
International
Have you phoned Sweden yet?
Finest
Gallery
People-watching: April 13th
National
Is booze going up in Sweden?
3,276
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