According to the Wall Street Journal reported on February 9, under the leadership of the new Chinese management, Volvo Car Corporation, a Swedish automaker that was still in trouble just a few years ago, is now making a comeback. The company expects sales to record And is actively meeting the surge in demand in the US market to challenge the leading position of German automakers in the global high-end automotive market. Wood sawing machine is one of the most important tools in woodworking field machines. It includes many kinds of wood saws , such as fully automatic wood saws, wood panel saw, multiple blade saw, log saw , square wood saw and etc. Wood sawing machine is always used together with other plywood production machines. Wood Saw Machine,Wood Panel Saw,Wood Multiple Blade Saw,Square Wood Saw Shandong Shine Machinery Co.,Ltd , https://www.shinewoodmachine.com
Since being acquired by Zhejiang Geely Automobile Holdings Co., Ltd. for $1.8 billion in 2010, Volvo Cars has boosted demand through innovative models, which has led to a significant increase in sales in the US and China. Volvo has cut some of its costs by exporting some models in China to the world, and has also launched a large-scale investment plan to increase investment in technology and face up with BMW, Mercedes-Benz and Audi.
Volvo's efforts are paying off. The company reported that 2016 net profit rose 67% to 7.5 billion Swedish kronor ($ 843 million), with revenue of 180.7 billion Swedish kronor, up 10% year-on-year. The company's global sales in 2016 increased by 6% to 534,332 units, making it expected to achieve an annual sales target of 800,000 units by 2020.