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Volvo Car Group sales rise 2.6% year-on-year in November
[STOCKHOLM] Geely-owned automaker Volvo Car Group said on Tuesday sales of its cars rose 2.6 per cent in November from the same month a year ago as growth in China, Sweden and the rest of Western Europe offset a double digit decline in the United States.
The Sweden-based company, owned by China's Zhejiang Geely Holding Group Co, sold 38,941 cars in the month as sales rose 15.6 per cent in China, 6.5 per cent in Sweden and 3.4 per cent in Western Europe.
However, the car maker has seen its US turnover erode in recent years and sales there were down 14.4 per cent last month. Volvo last month unveiled a vast model overhaul to revive its fortunes in what was once its single biggest market.