volvo

Swedish truck maker AB Volvo recorded a 46 percent rise in fourth-quarter profits after a surge in sales it described as the best it has seen in more than two decades.

Cut loose by U.S. owners, Saab became an entrepreneur's long-odds dream, while Volvo thrived.

Whatever happened to Volvo? That is a question that many fans of the Swedish car brand, virtually synonymous with safe driving, are asking these days as the company grapples with a comeback under new ownership by a Chinese car company.

Volvo Cars said Friday it will invest $10-$11 billion worldwide over the next five years in an ambitious expansion following its acquisition by a Chinese owner.

Swedish truck maker AB Volvo has returned to a profit in the third quarter, helped by strong demand in Brazil, India and China as well as a recovery in its mature markets.

China's automakers Geely and BAIC pushed ahead with plans to harness the technology of Ford's and General Motors' ailing Swedish brands Volvo and Saab in a bid to be global industry players.

Ford-owned Volvo Cars says China's Geely Group is the preferred bidder in the U.S. automaker's attempts to sell the Swedish unit.

Swedish truck maker AB Volvo on Friday reported a third-quarter net loss of 2.9 billion kronor ($423 million), due to a steep drop in sales in Europe and the U.S., but said demand was stabilizing, particularly in Asia.

Swedish truck maker AB Volvo on Tuesday reported its third consecutive quarterly loss as sales plunged by one-third amid weak demand in the April-June period.

It's the dilemma that haunts every manager at the moment: how do you maintain the values of CSR and those of your organisation when you are under enormous pressure to cut costs and reduce payroll.