volvo warns instability could hit demand
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

Volvo warns instability could hit demand

Arab Today, arab today

Arab Today, arab today Volvo warns instability could hit demand

Stockholm - Arabstoday

Volvo Car Corp, the Swedish automaker owned by Zhejiang Geely Holding Group Co, warned that economic instability could hit auto demand in the second half. The recent developments in the global economy makes it difficult for us to predict the car market,\" Volvo Cars\' Chief Executive Officer Stefan Jacoby said. \"We need to be prepared for changes in consumer demand.\" European economic growth slowed more than economists forecast in the second quarter as Germany\'s recovery almost ground to a halt amid the worsening sovereign-debt crisis. Economic uncertainty is \"particularly high,\" European Central Bank President Jean-Claude Trichet said. China growth Article continues below Volvo\'s cautionary tone comes after the carmaker posted a 40 per cent jump in second-quarter profit. Earnings before interest and taxes rose to 600 million crowns (Dh346 million)) from 430 million crowns a year earlier, Gothenburg-based Volvo said on the company\'s website. Deliveries rose 27 per cent to 123,919 cars with China showing the biggest growth increase with 62 per cent, it said. \"We are gradually returning to sustainable profitability, although we have more work to do,\" Jacoby said. Volvo, which built a reputation around safety and reliability, aims to more than double sales to 800,000 vehicles and challenge luxury-car leader Bayerische Motoren Werke AG. The current \"unstable economic climate\" will likely result in consumer confidence, exchange rate and raw material price volatility that may in turn impact profits, Volvo said.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

volvo warns instability could hit demand volvo warns instability could hit demand

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

volvo warns instability could hit demand volvo warns instability could hit demand

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 16:03 2017 Thursday ,21 December

US hits Myanmar general in new global rights sanctions
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday