Geely's Volvo Car Group upbeat on 2017 after earnings jump

Volvo Car Group reported a jump in 2016 earnings and revenue on Wednesday and forecast higher sales this year helped by new models developed under Chinese owner Geely. Operating earnings rose to 11.0 billion Swedish crowns ($1.24 billion) from 6.6 billion a year earlier. The company was bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010.