Volvo: Fate rests in China, not Europe

China will play a pivotal role in Volvo Car Corp's global revival plan, said Alain Visser, senior vice-president of the automaker headquartered in Sweden.

Volvo has set a goal to almost double its annual sales worldwide to 800,000 units by 2020. Its sales this year are projected to be about 420,000.

"If you would like to sort the 420,000 by country, you will immediately see No 1 in growth is China and No 2 is the United States," said Visser.