INTERVIEW-UPDATE 1-Volvo investment to target premium sector-CEO

Newswire

* Volvo to invest $10-$11 bln worldwide over 5 yrs * Eyes 200,000 unit sales annually in China by 2015 * Targets 20 pct of China's premium market * CEO says to invest in more upscale autos (Add details) By Fang Yan and Ken Wills BEIJING, Feb 25 (Reuters) - China's Geely-owed Volvo will invest $10-$11 billion over the next five years, with most of that aimed at new products including more upscale cars in China, the world's largest auto market, its chief executive said on Friday. ...

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