Volvo upbeat on future growth
Chinese-owned Volvo Car Group has announced it would report an operating profit for 2013 as growth in key markets such as China and helped it recover from a first-half loss, Reuters has reported. Volvo is heading into another profitable year in 2014, thanks also to an improved product line, said Volvo chief executive, Hakan Samuelsson. The carmaker expects to sell “a good” 5% more cars than the 427,840 sold in 2013. “The growth story will continue in the coming year,” Samuelsson said.