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Auto & Transport Roundup: Market Talk
The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1213 ET – Volvo Car is suffering from intense competition in China, but the Swedish carmaker’s chief commercial officer, Erik Severinson, still sees a path for his company to succeed in the world’s largest car market in the long run. Sales of premium cars made by Western companies are under pressure in China, while local players are fighting a price war to drive volumes, Severinson says in an interview. “Right now it is very difficult to compete in that market for everyone,” he says. Volvo is betting that new models with self-driving and infotainment systems, as well as differentiated interior designs, will make its cars more relevant to Chinese consumers, Severinson says. Volvo Car shares close 0.1% higher. (adria.calatayud@wsj.com)
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