CHINA: Volvo plans a new model a year
China's Business Daily Update reports that Volvo plans to bring a new model into China every year to cash in on the world's fastest-growing car market. The plan is an important part of Volvo Car's global strategy to launch a new model every year to boost its annual sales to 600,000 units in coming years from 408,000 last year, according to Beijing-based officials of the company.
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