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Volvo Cars CEO says sales could top forecast in 2010

From Reuters| May 21 , 2010 09:44 BJT

Volvo Car Corp, on the road to being acquired by China's Zhejiang Geely, could see sales revive more than the current plan for 390,000 units this year, the Swedish brand's top executive said on Thursday.

"We're planning over 390,000 vehicles, and depending of what happens to capacity and demand, we possibly could do slightly more than that," Ford-owned (F.N) Volvo Cars Chief Executive Stephen Odell said in a Reuters interview.

Odell also said he was "very confident" the deal which will see Zhejiang Geely Holding Group, China's largest private carmaker and the parent of Hong Kong-listed Geely Automobile (0175.HK), buy Volvo would be completed in the third quarter.

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