Volvo is now owned by Geely
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China carmakers see booming profits ahead of slowdown

The Chinese car maker, Geely has reported a 35% jump in first half profits, making $118m.

Results from its rival SAIC are also due, with both companies feeling the benefit of the boom in car ownership in China.

But forecasters warn growth is likely to slow as the government cuts incentives to buy new cars.

Mariko Oi reports.

  • 25 Aug 2010