Volvo gaining steam in China

|About: Volvo AB ADR B (VOLVY)|By:, SA News Editor

Volvo (VOLVY) says it will soar past sales targets in China this year as it continues to reach into new segments in the nation.

Though still just a niche player, sales for the year are up 42% from 2012 on positive reception to model introductions.

The results in China for the automaker have been solid enough in the past few months to pull it up to the break even level for the year in the market.