Volvo Car Chair Targets 1 Million-Plus Sales as Long-Term Goal

Newswire

STOCKHOLM, April 1 (Reuters) - Volvo Car Group, one of Sweden's biggest companies by revenue, targets annual sales of over one million vehicles in the long term, co-owner and chairman Li Shufu said in a newspaper interview published on Tuesday. Volvo, bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010, aims for annual sales of 800,000 cars by 2020, almost double the level last year, helped primarily by growth in China. "The long term target beyond ...

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