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  1. EF-Roger

    EF-Roger Entrepreneur

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    Chinese-owned Volvo Car Group on Wednesday launched a new model in the hope of gaining ground in a premium auto market dominated by German luxury rivals, and said it expected sales of the new car to hit roughly 50,000 in 2017.

    Volvo is in the midst of a sweeping overhaul of its model range to propel long-suffering sales volumes in the United States back above 100,000 cars per year, to reach total sales of around 800,000 cars in 2020 and make inroads against larger rivals such as Daimler's (DAIGn.DE) Mercedes-Benz, BMW (BMWG.DE) and VW's (VOWG_p.DE) Audi.


    Read more at Reutershttp://www.reuters.com/article/2015/12/02/us-volvocars-launch-idUSKBN0TL27C20151202#MbE7x6MHtSxBuY4Q.99
     

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