Volvo Car Group, the premium car maker, has reported third quarter operating profit of SEK2,067m (US$231m) compared to SEK1,276m in the same period last year and a year-on-year increase in revenue to SEK41.1bn from SEK36.1bn previously. The operating margin for the Geely subsidiary rose from 3.5% in the third quarter of 2015 to 5% in 2016.