Alexander Klose, head of Volvo Cars China, made the comments at a trade show in the northern city of Tianjin, according to the official Xinhua news agency.
He said sales of the Swedish brand's vehicles had soared in the world's largest auto market in 2010.
"As of the end of September, Volvo's global sales volume was up 12.5 percent year-on-year, compared with a 52 percent year-on-year rise in China," he was quoted as saying.
There will probably be those who will doom-say that this is bad news…no Swedish jobs in China, etc.etc. BUT, new investment and the dynamics of new larger sales will all have a 'knock-on' effect to revitalise the brand, introduce new models, recapitalise the company at home and abroad.
Li Shufu is a remarkable man. If anyone knows how to 'raise the Phoenix' against all odds, it's this guy. He started his first PRIVATE (Geely is not state owned) company in 1984 with just 2,000 yuan (about $250)….more biography here.
It is my personal view that Geely and Volvo will be a phenomenal success, both in Sweden and in China (as well as the rest of the world)
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