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Stock Market & Financial Investment News

News Breaks
June 17, 2014
06:36 EDTVOLVYVolvo China export strategy pinpoints new Geely plan phase, Reuters says
Volvo's goal to turn China into an export hub shows parent company Zhejiang Geely is out to disprove pessimists who are doubting Chinese companies' ability to manage worldwide consumer brands, according to Reuters, citing comments from an executive who requested anonymity because he is not authorized to speak with reporters. The car manufacturer is hoping to surpass its FY14 China sales target by at least 13%. Reference Link
News For VOLVY From The Last 14 Days
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August 21, 2014
05:48 EDTVOLVYVolvo reports July truck deliveries down 9% to 15,410
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August 18, 2014
06:30 EDTVOLVYVolvo targets wealthy Chinese with vehicle revamp, Reuters says
Volvo's (VOLVY) latest generation of vehicles are revamped to include luxury designs and features that target China's wealthy population in hopes that the cars will reverse diminishing sales, according to Reuters citing comments from Volvo CEO Hakan Samuelsson. Samuelsson said, "Prices will be the same level as competitors like the Germans. Customers should not expect to buy them cheaper than an Audi (AUDVF)." Reference Link

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