Geely-owned Volvo makes operating profit in Q3

Newswire

STOCKHOLM, Oct 29 (Reuters) - Swedish carmaker Volvo, owned by Chinese group Geely Automobile , made an operating profit in the third quarter, the company said on Friday. Volvo, bought by Geely from Ford in August, did not disclose details, but said it has been profitable since the start of the year. The car maker said it sold 272,555 cars in the year to September, up 12.5 percent on the previous year. Geely paid Ford $1.3 billion in cash for Volvo and issued a $200 million note to the ...

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