Volvo Reports Profit

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Volvo has reported that it had strong sales for the second quarter of 2011; in fact it was a record profit quarter for the Swedish car company. Although 2011 is still a difficult market for the automotive industry many manufacturers have been reporting positive figures for July, the quarter and even the year to date. This is good news for the car industry after many years of struggling; the global financial meltdown had a major impact on the car industry. Volvo reported that for the second quarter it made 600MSEK, earnings before interest and tax. This is an improvement of 170 MSEK compared to the same period last year. Stefan Jacoby, President and CEO, Volvo Car Corporation said, "We are gradually returning to sustainable profitability although we have more work to do before we reach our objectives. A good sales increase is evident in many markets as we are working to revitalise the Volvo brand to attract more customers." Since 2009 Volvo Cardiff has been producing good looking, well built and highly reliable cars. Its product mix has also diversified with the introduction of the Volvo C30 as a small hatchback and the Xc range of SUVs. For the second quarter of 2011, Volvo retail sales saw a 26.6% increase, with a total figure of 123,919 units, compared to last year?s 97.884 units. All territories saw growth, with the largest increase in China, with a 62.1% increase compared 2010. North America sales grew by 43.0%, Nordic region by 17.7%, Europe increased by 15.5% and the overseas region grew by a further 41.6% compared to the same period in 2010. All regions also saw a market share improvement compared to the previous year. Tags: Rapid Prototyping, Rapid Prototyping China, Plastic Tooling, Plastic Tooling China, Rapid Prototype, Rapid Prototype China, Rapid Tooling, Rapid Tooling China, CNC Prototype, CNC Prototype China, Functional Prototype, Functional Prototype China, Metal Prototype, Metal Prototype China, Plastic Prototype, Plastic Prototype China, Rapid Manufacturing, Rapid Manufacturing China, Low volume production, Stereolithography, Stereolithography China, Vacuum Casting, Vacuum Casting China,�W��OӋ,seo,,Web Design