Volvo Cars sees growth in 2018

Updated 2018-02-09 14:16:06

Sweden's Volvo Car Group expects stronger earnings and sales this year after the automaker reached new records on both counts in 2017 thanks to strong demand for a string of new models, particularly in China.

The company said operating earnings rose to 14.1 billion Swedish crowns (.76 billion) in 2017 from 11.0 billion a year earlier, as revenues climbed 17 percent to 210.9 billion crowns.

It sold 571,577 Volvos in 2017, up 7 percent year-on-year, boosted by demand in China, its biggest market.

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