Geely's Volvo sees record sales, higher earnings in 2016

Geely-owned carmaker Volvo Car Group forecast record sales and higher profit this year after strong growth in Europe and the United States saw it treble operating earnings in 2015. The Gothenburg-based company, bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010, said full-year operating earnings rose to 6.62 billion Swedish crowns ($776.6 million) from 2.13 billion in the previous year. Volvo is banking on a 75 billion crown investment programme in a string of new mod