Swedish automaker Volvo is set to report a big operating loss in China for 2012 due to falling sales and costly investments in the new Chengdu plant. According to Swedish daily Svenska Dagbladet, quoted by Automotive News Europe, Volvo is about to report a loss between 2 billion to 4 billion Swedish crowns ($308 million to $615 million) in China. The losses in China were triggered by last year’s 11 per...
Reported by autoevolution 8 hours ago.
Swedish automaker Volvo is set to report a big operating loss in China for 2012 due to falling sales and costly investments in the new Chengdu plant. According to Swedish daily Svenska Dagbladet, quoted by Automotive News Europe, Volvo is about to report a loss between 2 billion to 4 billion Swedish crowns ($308 million to $615 million) in China. The losses in China were triggered by last year’s 11 per...
Reported by autoevolution 8 hours ago.