Volvo is optimistic that by 2020, despite halfjaarverlies and a decrease in the sales

Volvo Cars expects to see a rapid recovery in the global automotive market. The Swedish brand is expected in this year, the income and revenue of the previous year, to be able to match it, in spite of a on Tuesday announced a loss for the first half of the year up to 96,5 million, respectively.

In the same period of the previous year, there was a gain from 538,5 million euros, a profit is made. Up to and including June, in addition, reduce the number of cars sold. In Europe, the decline in the number of registrations, with 29.5 per cent, in the United States, by 13.7 per cent. In China where parent company Zhejiang Geely Holding Group is established, the hours of the sale, with a 3% return.

"The decline in the first half of the year, it was a temporary thing. We expect to see a rapid recovery in the second half of the year," according to CEO Hakan Samuelsson.

"As the market recovers, as we are now, then we will consider the same sales numbers as we move into the second half of 2019 have seen. It is our goal to offer even in terms of profit and revenue in the same numbers to come out", so it sounds optimistic.

also, take a Look at the AutoWeek.nl