Category

Geely

Volvo Keeps Doing This Geely

Volvo Keeps Doing This

Photo: Volvo Volvo, founded 93 years ago in April, wobbled in the dying days of Ford’s ownership in 2010 before a surprising turnaround under Geely. These days, it is doing better than ever. Volvo opened its first American plant in South Carolina a year and a half ago, a sign…
bubmag
February 10, 2020
Volvo Cars posts rise in fourth-quarter profit, helped by cost cuts and sales growth Geely

Volvo Cars posts rise in fourth-quarter profit, helped by cost cuts and sales growth

STOCKHOLM (Reuters) - Sweden's Volvo Car Group, owned by China's Geely, reported an 18% rise in fourth-quarter operating profit as cost cuts and growing sales more than offset the impact of subdued global auto markets.The Gothenburg-based carmaker, which Geely acquired from Ford Motor Co in 2010, reported operating earnings of…
bubmag
February 6, 2020