Volvo tragets auto exports from China

Swedish automaker Volvo has announced plans to start exporting Chinese-made sedans in 2015, Reuters reported. A senior Volvo executive said the automaker would start exporting a long-wheel-based version of the S60 called the S60L to the US and the XC90 utility crossover to Russia as early as the end of next year. Volvo eventually would export about 10,000 S60Ls and a few thousand XC90s each year from China, the executive said. The news would represent a bold move for an industry in which Chinese companies have long failed to successfully grow global consumer brands.