World News: 06:37 GMT Tuesday 17th June 2014. [Yahoo Business News Feed via SPi World News]
By Norihiko Shirouzu BEIJING (Reuters) - Sweden's Volvo Car Corp, with help from its Chinese owner Zhejiang Geely Holding Group Co [GEELY.UL], plans to make China an export hub and beat its 2014 sales target for the country by at least 13 percent, a senior Volvo executive said. Geely's strategy for Volvo is being closely watched as a possible model for other Chinese companies that have had limited success digesting and managing major consumer brands. Volvo plans to start exporting Chinese-made cars to the United States and Russia as early as late next year, said the executive who requested anonymity because he is not authorized to speak with reporters. Volvo, which Geely bought from Ford Motor Co in 2010, intended to ship a long-wheel-based version of the S60 sedan called the S60L to the United States and XC90 utility crossover vehicles to Russia.
Read More: http://news.yahoo.com/volvo-china-export-hub-executive-053701727--finance.html
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 07519380.