Volvo looks to China and XC90 to drown out American blues

It was promising news on the financial front from Volvo Car Group as the company reported an operating profit of SEK 1.21bn (US$175.2m) in the first half this year, thanks to strong demand in China and Europe. The results for the January-June period mark a considerable upswing from the SEK 577m loss reported in the same half last year. Revenue for the first half rose from SEK 56.364bn last year to SEK 64.785bn, with net income rocketing to SEK 535m from a loss of SEK 778m.