Volvo Cars targets sales record, facing down trade worries [Reuters]
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Source: Reuters
Volvo Cars targets sales record, facing down trade worries | Reuters Reuters Staff 4 Min Read * Q2 operating profit up 29 percent * CEO pledges fifth consecutive annual sales record * Sales in U.S. up 40 percent in first half as tariff threat looms By Laurence Frost and Esha Vaish PARIS/STOCKHOLM, July 19 (Reuters) - Volvo Cars ( IPO-VOLVO.ST ), whose Chinese parent Geely is considering an IPO of the Swedish carmaker, said it was on track for another sales record despite rising trade tensions, after second-quarter profit rose on strong demand for its SUVs. Operating profit increased 29 percent to 4.2 billion Swedish crowns ($474 million) in the three months to June 30, on 66 billion crowns in revenue, up by more than a quarter. The carmaker previously reported a 14.4 percent increase in deliveries to 317,639 vehicles for the first half. Acquired by Geely in 2010, the maker of sleek-but-sober premium cars such as the XC90 SUV and S60 sedan has notched up four straight record sales ye
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