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Volvo Trucks aims for 10% growth

Feb 01,2018
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Volvo Trucks Korea Managing Director Kim Young-jae poses at a press conference in central Seoul on Wednesday. [YONHAP]
Volvo Trucks Korea said Wednesday it is aiming to achieve 10 percent on-year growth in sales this year, while adopting more safety features in its models.

In 2018, the Swedish commercial car maker aims to sell about 3,200 vehicles, up from 2,900 units a year earlier, by further promoting mid and large-size dump and cargo trucks, Volvo Trucks Korea Managing Director Kim Young-jae said in a press conference.

Volvo Trucks Korea ranked first among imported commercial vehicles, accounting for 40 percent of all sales.

To maintain its leading status in Korea, the company has adopted a series of safety features, such as the collision warning with emergency braking and the lane departure warning system, Volvo Trucks Korea said in a statement.

Most large-sized Volvo trucks sold in Korea from Jan. 1 carry the safety functions.

The move comes one year ahead of the government’s introduction of stricter rules for commercial vehicles, in terms of safety-related technologies, the statement said.

In the country, the company plans to increase the number of after-sale service centers to more than 40 by 2020, from the current 29, to achieve its sales goal of 4,000 vehicles by the same year, it said.

Volvo Trucks holds a 100 percent stake in Volvo Trucks Korea.

Yonhap