Volvo Plans Will Help It Cut Costs

Having reported an operating profit of SEK1.2bn (US$188mn) and a 20.3% year-on-year increase in vehicle sales, to 230,746 units, in H111, Sweden's Volvo Car has unveiled plans to replace three of its older vehicle platforms with a new platform and narrow down its engine range to one new downsized four-cylinder engine. BMI believes that the strategy is primarily aimed at generating economies of scale in its production, thereby helping the company maintain its profitability levels.

To read the full article, please choose one of the following options: