Volvo Car Group 2014 Profit Surges

Volvo Car Group reported a rise in its operating profit for 2014. Volvo Car's operating earnings climbed to 2.25 billion Swedish crowns ($302.00 million) for the year, compared to 1.92 billion in the prior year. Its revenue gained to 129.96 billion crowns versus 122.25 billion. Volvo sales surged 8.9% y/y to 465,866 cars.