INTERVIEW-Volvo to invest $10-11 bln over 5 yrs -CEO

Newswire

BEIJING, Feb 25 (Reuters) - Volvo Cars, owned by China's Geely, will invest $10-11 billion worldwide over the next five years, with most of that going toward developing new products, its chief executive said on Friday. Stefan Jacoby, in an interview with Reuters, also said the company aims to sell 200,000 vehicles annually in China by 2015 and aims to capture 20 percent of the premium market sector there. Jacoby, in Beijing to unveil the Swedish brand's China development strategy, said ...

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