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Volvo upgrades profit outlook despite China slowdown

Thu, Aug 20, 2015 - 5:50 AM

Berlin

VOLVO Car Group boosted its earnings goal for the year, saying the robust European market would outweigh a slowdown in China, where pressure to discount is increasing.

"The price situation in China is getting tougher," chief executive officer Hakan Samuelsson said in a phone...

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