Geely-owned Volvo Car Corporation has it would be difficult to reach operating break even this year because of the sluggish European market.
“…It will be very tough to reach break even at the whole-year level (this year),” CEO Hakan Samuelsson told Reuters.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
On the outlook for 2013, he said there were “no direct positive signals in the European market”.
But he noted the North American market was coming back and that China was still growing.
