Volvo unit predicts modest sales growth

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Volvo Car Thailand expects car sales not to exceed 5% growth this year as it plans to survive a challenging period by enticing more consumers with new electric vehicle (EV) models and a battery repair service, aimed at helping drivers save on long-term maintenance spending.

"Trump's trade policy can reshape the global economy, but we believe our parent company can deal with the situation," he said.

Banks and car financing companies tightened their lending criteria to avoid non-performing loans as the rate of household debt to GDP stood at roughly 90% as of last year's third quarter.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaMalaysia

Topics: Policy Year Sales Wailes Volvo Automotive Company Thailand Repair Thai Battery

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 05:46:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 438 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 26134058

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 14 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 2 hours ago

Coverage Areas: Thailand

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #66

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