Sweden - Volvo enters vehicle financing market in China
Stockholm,Sweden -The Local -31 August 2006: -- Sweden's Volvo Group said on Thursday it had launched an automotive finance arm to support its commercial vehicle business in China, one of the world's fastest growing automobile markets... The unit has invested 500 million yuan (62 million dollars), the minimum required by regulators... Goran Albertson, the finance director of Volvo AB, said the company expects to achieve a 30 percent market share in China's construction equipment and commercial trucks sector...
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