Volvo 2010 Sales Up 11%

Sales rose 29% in northern Europe and 36% in China, but dropped 12% in U.S.

Volvo, now owned by the Chinese group Geely, said on Jan. 7 that its 2010 sales rose 11% to 373,525 vehicles.

Sold by Ford to Geely in August for $1.5 billion, the Chinese carmaker has set a target of selling 800,000 Volvos in 2020, including 300,000 in China alone.

In 2010, Volvo's sales rose by 29% in northern Europe and by 36% in China.

Sales dropped 12% in the United States to 53,952 vehicles, although it remained Volvo's top market.

The sales are in line with 2008, but still far below Volvo's record of 458,323 vehicles sold in 2007 before the global economic crisis hit.

Copyright Agence France-Presse, 2011

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