Volvo profit jumps 71%, keeps sales goal despite slowing China

STOCKHOLM: Geely-owned carmaker Volvo Car Group kept its full-year sales target on Wednesday despite a slowdown in China after strong European demand helped power a 71% jump in first-half profit.

Concerns over slowing growth and share price turmoil have clouded the outlook for China in recent months and hit car sales, raising questions about expansion in the world's biggest auto market.