by Staff Writers
Stockholm (AFP) Jan 8, 2016
Swedish carmaker Volvo, owned by the Chinese Geely group, said on Friday it had turned the corner towards becoming a major international player as it posted record unit sales.
Volvo said it had sold over half a million cars in 2015, 503,127 exactly, its highest annual sales figure ever, representing a rise of eight percent over the previous year.
The sales data mark the end of the first stage of Volvo's recovery, begun after it emerged from a loss-making period in 2013.
"Volvo is about to enter the second phase of its global transformation. Once completed, Volvo will have ceased being a minor automotive player and taken its position as a truly global premium car company," company chief Haakan Samuelsson said in a statement.
"More records will tumble in coming years," he said.
Volvo has made no secret of its ambition to compete head-on with leading global high-end brands Audi, BMW, Mercedes-Benz and Jaguar.
Both Audi and Mercedes-Benz maker Daimler reported Friday record sales of over 1.8 million vehicles last year.
Car Technology at SpaceMart.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.|