Volvo is on a Roll
The good news is that Volvo is doing much better than it has done in recent years, particularly in the United States. The bad news is that they’ve done so poorly in recent years that the recent growth doesn’t come close to where they were in the glory days.
Still, it’s an extremely good sign. They have a tumultuous couple of decades. They were alone. Then they were with Ford. Then they were with Geely. Now, they’re hoping to capitalize on their status as technically being a Chinese company based in Stockholm to make an impact on the fastest growing major market in the world.
According to Reuters:
“We for the first time in many years have positive outlooks really for all our main market blocks,” Chief Executive Hakan Samuelsson said, pointing to growth in China and the United States and a long-awaited if modest pick-up in European markets.
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