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Last year, Volvo CEO Stefan Jacoby said the Swedish automaker planned to expand its presence in China, doubling sales by 2021 and securing at least 20 percent of the premium luxury market alone 2015.
After struggling in the U.S. market for a decade, Volvo announces a revival plan.
Many a congratulation and back-patting were dealt after 2011 accident fatality statistics showed that deaths were at their lowest point since 1949, when roads were far less populated.