Volvo earns $103M in Q1, $370 million for CY 2010
 

<p>Filed under: <a href="http://www.autoblog.com/category/china/" rel="tag">China</a>, <a href="http://www.autoblog.com/category/crossovers-cuvs/" rel="tag">Crossover</a>, <a href="http://www.autoblog.com/category/volvo/" rel="tag">Volvo</a></p><a href="/2011/05/12/volvo-earns-103m-in-q1-370-million-for-cy-2010/#continued"><img alt="volvo xc60 logo" src="http://www.blogcdn.com/www.autoblog.com/media/2011/05/volvo-logo-xc60.jpg" style="border-width: 0px; border-style: solid; margin: 4px 0px;" /></a><br />
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<a href="http://autoblog.com/make/volvo/">Volvo</a> has posted a solid first quarter, with earnings jumping to $103 million. That's nearly double the Q1, 2010 totals, in part due to continued strong demand for its <a href="http://autoblog.com/model/xc60">XC60</a> crossover. The Geely-owned automaker expects the revenue to continue to flow throughout 2011, as the automaker is hoping to increase sales by 70,000 units on the year to 450,000 units.<br />
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Volvo has also announced total earnings for calendar year 2010. The automaker says it earned $370 million on the year, again in part because of strong XC60 sales and the successful launch of the <a href="http://autoblog.com/model/s60">S60</a>. High commodity prices weighed down earnings a bit, but the automaker says strong net pricing largely offset the rising price of energy and steel.<br />
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<a href="/2011/05/12/volvo-earns-103m-in-q1-370-million-for-cy-2010/#continued">Hit the jump</a> to read over Volvo's 2010 earnings press release.<p><a href="http://www.autoblog.com/2011/05/12/volvo-earns-103m-in-q1-370-million-for-cy-2010/" rel="bookmark">Continue reading <em>Volvo earns $103M in Q1, $370 million for CY 2010</em></a></p><p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2011/05/12/volvo-earns-103m-in-q1-370-million-for-cy-2010/">Volvo earns $103M in Q1, $370 million for CY 2010</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Thu, 12 May 2011 18:01:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2011/05/12/volvo-earns-103m-in-q1-370-million-for-cy-2010/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19938708/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2011/05/12/volvo-earns-103m-in-q1-370-million-for-cy-2010/#comments" title="View reader comments on this entry">Comments</a>

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