Brief: Volvo Car Targets 30% Parts Commonality By 2030
BRIEF-Volvo Car Targets 30% Parts Commonality By 2030 Sept 17 (Reuters) - 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
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))
Recent news on Geely Automobile Holdings
See all newsEurope car sales rise 10% in September as EV surge offsets combustion slump
No auto plants available in Italy for Chinese purchase, Italian minister says
China approves Geely acquisition of 34% of Ford España (updated)
Factbox: China's carmakers expand their presence in Europe
Corrected: RPT-BREAKINGVIEWS-China’s EU car cuts roar confidence, not climbdown