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Volvo’s first half profit jumps 71 percent

Volvo’s first half profit jumps 71 percent

Geely has done marvels resurrecting the Swedish brand Volvo from its ashes – unlike NEVS with its local market Saab – and the profits are being reaped – especially thanks to the advances in China and Europe. The Volvo Car Group announced it was keeping unchanged its forecast for the […]

Toyota is not confident China will remain profitable

Toyota is not confident China will remain profitable

Toyota Motor Corp., the largest Japanese company and the (interim) second largest automaker in the world, said recently it “can’t be optimistic” about having its Chinese operations profitable this year. China, the world’s largest auto market, has recent forced the Japanese carmaker to lower prices and increase buying incentives offered […]