News Formal

Geely's Volvo Cars sees wider market recovery on solid growth in China

  • 📰 Reuters
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Volvo Cars said on Tuesday it expects its business to recover in the second half of the year, even as the automaker reported an operating loss for the January-June period.

The Gothenburg-based company, owned by China’s Geely Holding GEELY.UL, has been hit hard by the pandemic that has temporarily closed plants and strained supply chains in the industry, with lockdowns in many key markets and transport hubs.

“If the market recovers as we expect, we anticipate sales volumes to return to the levels we saw in the second half of 2019 and it is also our ambition to return to similar profit levels and cash flow,” CEO Hakan Samuelsson said in a statement.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Li Shufu and Chairman Xi their wives are sisters 「Peng Liyuan and Peng Lijuan」

If anyone thinks it's fake news that China has contained COVID19, these economic signs are undeniable and a direct rebuttal to that. No one can defy science and facts even if you are the most powerful man in the world, such as the President of the United States.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 2. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Euro, euro zone bond markets hold out hope for recovery fund; stocks higherThe euro and euro zone bond markets held out hope European Union leaders would strike a deal on a recovery fund for the bloc's pandemic-ravaged economy on Monday, while the region's stock markets inched cautiously higher as talks paused.
Fonte: Reuters - 🏆 2. / 97 Leggi di più »

Mark Cuban: Market's coronavirus rally looks 'so similar' to the dot-com bubbleBillionaire entrepreneur Mark Cuban joins CNBC's 'Squawk Box' to discuss what he's seeing in the markets as investors follow the volatility amid the coronavirus crisis.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »