Volvo Car Group achieved its annual sales target following strong sales across Europe and the US allowing a 71% upturn in first-half profit.
The Swedish-based carmaker faces concerns over a decline in car sales in China, the world’s largest car market. Concerns stem from share price uncertainty and the volatile premium car market within the country. Volvo was purchased in 2010 by China’s Zhejiang Geely Holding Group Co. from Ford Motor Co. and Hakan Samuelsson, Chief Executive at…
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