Volvo Cars’ sales rise 10% y/y in January

STOCKHOLM (Reuters) -Volvo Cars’ sales increased 10% to 53,402 cars in January from a year earlier, the Sweden-based group said on Monday.

Volvo Cars, which is majority-owned by China’s Geely Holding, said in a statement sales in Europe, its biggest market, were up 8% while in the United States they were unchanged. In China, they were up 36%.

(Reporting by Anna Ringstrom, editing by Stine Jacobsen)