Swedish carmaker Volvo is set to report a big operating loss in China for 2012 as thin sales and a costly new factory weighed on results, Swedish daily Svenska Dagbladet reported.
Volvo Car Corporation, wholly owned by China’s Zhejiang Geely Holding Group since 2010, is set to report a loss of between 2 billion (£202m) to 4 billion Swedish crowns in China. The report said that high costs for a new plant in the south western Chinese city of Chengdu,which was nearly complete, plus expenses related to…
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