Investments in Volvo's global transformation only seems befitting and smart, viewed from its increase in profits by almost a whooping 17.4% from 1919 MSEK in 2013 to 2252 MSEK the following year. Revenues also shooted up by a similar amount. China and Europe saw the most action in sales and contributed a lot to increase in their sales from 427,840 cars in 2013 to 465,866 cars the next year. China alone was responsible for the sale of 80,000 cars. Europe's growth was twice that of china's.
It's President and CEO, Hakan Samuelsson says that the fruits of their investments all these years will be reaped this year.
Volvo aims to double its sales in the medium term. A step forward towards this goal was taken with the launching of their all new Volvo XC90 , running on Scalable Product Technology and Drive E power train. It is also characterised by low carbon emissions. The XC 60 saw the origin of its production In the chengudu plant. Sweden, on the other hand introduced a Torslanda plant, creating 1300 new positions.
Volvo cars, with their investment and plans, is all set for the future and it's wonders.
Source: Autobei
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