The Volvo lift – flying the flag for the viruseffekt

Volvo Cars is, admittedly, not the plants in the most affected province of Hubei, with the mångmiljonstaden in xi'an. The decision to close down large parts of the country, mode of transport, as well as business activities, however, clear effects, as well as many other companies.

" the Whole of China has, of course, be closed down, as local authorities have encouraged people to stay at home. The shops are closed, the car dealers are closed, and, of course, will affect the volumes in the first quarter. We are going to lose about two days in terms of volume, " says president and ceo Håkan Samuelsson.

the world's biggest and, ultimately, the key for the Volvo, just like all the other car manufacturers. For Volvo, it was in 2019 with more than 154,000 cars sold, an increase of more than 18 per cent compared to the previous year.

Read more: the impact of Swedish firms by the virus.

Based on these numbers, it would be around 10,000 cars in the Volvo museum in a decrease in sales.

" What is a ”good thing” in this situation is that we would also lose the production. In other words, it is not something jättelager, which then had to be sold off. Now is the time to stop the spread of the virus, and may come to a point that you can go back to work. Then, is it not the case that we can expect a loss of sales. The majority of customers are able to wait the two weeks and decide not to release the car. The first quarter we will see an impact, but if you look at the full year, we see that, we're going to take this case, and achieve further growth.

the Chinese authorities have earlier announced that we should let the business get started at the earliest on Tuesday next week.

" It might not be so sure of that. But above all, it is not sales, but the health benefits they are concerned about. It is important not to panic, but to gain control of the circulation, and, I believe, the chinese government has taken the right decision to make.

the company was in other accounts a resounding success. In the fourth-quarter operating profit to 5.3 billion kronor, compared to sek 4.5 billion in the same quarter the year before, while total revenue increased, from 73 billion to more than 79.2 million. The number of sold vehicles in the quarter, from the 169.700 to 197.750.

with the president and ceo, Håkan Samuelsson at the tip, with the increase in sales and the rise in earnings compared with the start of 2019.

as Of the financial statements, and the write the president and ceo, Håkan Samuelsson, to 2020, there will be elektrifieringens years of age. As previously announced, it is considering the Volvo is that of distinguishing the activities of fossildrivna engines, and, possibly, combine this with an owner of Geely's operations. Thereafter, Volvo is concentrating on the electric drive, as He was.