STOCKHOLM : Sweden-based Volvo Cars said on Wednesday that sales increased by 10 per cent year-on-year in April to 51,976 cars, boosted by strong gains in China.Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement that sales in China were up 46 per cent. In Europe, its bigges
STOCKHOLM : Sweden-based Volvo Cars said on Wednesday that sales increased by 10 per cent year-on-year in April to 51,976 cars, boosted by strong gains in China.
Volvo Cars, which is majority-owned by China's Geely Holding, said in a statement that sales in China were up 46 per cent. In Europe, its biggest market, sales were up 5 per cent, while in the U.S. they were down 4 per cent.Volvo Cars said sales of fully electric cars nearly doubled to account for 17 per cent of total sales. All recharge models, also including those not fully electric, were up 28 per cent.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippines, China to discuss fishing rights in South China Sea, says MarcosThe Philippine president is also seeking a “direct communication line” with Beijing. Read more at straitstimes.com.
Read more »
South Korea April inflation eases to 14-month low, matches expectationsSEOUL :South Korea's consumer inflation eased for a third consecutive month to a 14-month low in April on an annual basis, data showed on Tuesday, supporting the market's perception that the central bank's policy tightening cycle is over.The consumer price index (CPI) stood 3.7 per cent higher in April than a
Read more »
Indonesia's April annual inflation at 4.33%, below forecastJAKARTA : Indonesia's consumer price index in April rose 4.33 per cent annually, data from the statistics bureau showed on Tuesday, slowing from 4.97 per cent in March and slightly below expectations. The annual inflation came slightly below the 4.39 per cent predicted in a Reuters poll. On a monthly basi
Read more »
South Korea factory activity shrinks in April, marks longest downturn in 6 yearsSEOUL: South Korea's factory activity shrank for a 10th consecutive month in April and for its longest streak in six years, a survey showed on Tuesday (May 2), underlining the weak global demand conditions that continue to undercut the domestic economic recovery. The S&P Global's seasonally adjusted pu
Read more »
Global companies by market cap: Tesla fell most in AprilTesla Inc was the biggest loser among top companies by market capitalisation in April, hit by disappointing quarterly earnings after it posted the lowest quarterly gross margin in two years. Tesla's market cap dropped to $520.7 billion at the end of April from $657.5 billion in March, a 20.8 per cent dec
Read more »
Food pushes Pakistan inflation to record 36.4% in AprilKARACHI, Pakistan :Pakistan consumer prices, driven by food, rose a record 36.4 per cent in the year to April, the highest inflation rate in South Asia and up from March's 35.4 per cent, the statistics bureau said on Tuesday. Pakistan's rural areas recorded food inflation of 40.2 per cent, the bureau told Reu
Read more »