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175 — Geely Automobile Holdings News Story

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Brief: Volvo Car Targets 30% Parts Commonality By 2030

BRIEF-Volvo Car Targets 30% Parts Commonality By 2030

- Geely Automobile Holdings Ltd 0175.HK:

  • VOLVO CARS OUTLINES CLEAR ROADMAP TO LONG-TERM PROFITABILITY AND CASH GENERATION

  • CARS REVEALS STRATEGY TO ACHIEVE EBIT MARGIN BEYOND 8 PERCENT

  • TO DEVELOP SIX NEW CHINA-SPECIFIC MODELS

  • TARGETS 30 PERCENT PARTS COMMONALITY AND 5 PERCENT MATERIAL COST SAVINGS BY 2030

  • SEVEN NEW CARS FOR WESTERN MARKETS TO REDUCE INVESTMENT LEVELS

Source text: ID:nWkr4GRdqZ

Further company coverage: 0175.HK


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