Volvo expects to see a 10 percent increase in sales on the Chinese market or even above that figure as Alexander Klose, Volvo China CEO thinks, helped by a change in the way consumers see the industry. The Chinese automotive industry registered something not many can brag about in these troubled times: an increase in sales, and not a mild one, but a 24 percent boost.
"There is more confidence in China now than it was at the end of last year. Confidence has fairly quickly come back," said the CEO, as reported by Autonews. In 2008, Volvo sold 13,000 vehicles in China, about 8 percent of its total global sales.
The predictions were made by the official after a ceremony which marked the launch of the S80L. The vehicle, the flagship sedan of the company, is being produced in collaboration with Chang Automobile, Mazda Motor and Ford.
The last we heard of Volvo and China was at the end of last week, when rumor surfaced about Chinese company Chery got approval from China’s top economic planner to go ahead and buy the Swedish manufacturer.
Since neither party involved confirmed or denied the news, it is hard to tell where the Volvo sale is going. The company's sales however are hoped to bloom thanks to the Chinese. After all, it's just about the single market left unscarred by the economic downturn. Yet...