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Chinese-owned Volvo Car Group swung to a profit in the first quarter as its new upmarket models helped drive profitability to a level more in line with bigger rivals.

The carmaker, bought by China's Zhejiang Geely Holding Group Co from Ford Motor Co in 2010, said operating earnings stood at 3.1 billion Swedish crowns ($392 million) in the quarter from a year-earlier loss of 11 million.

Volvo, a small player compared with German automaker Daimler's Mercedes-Benz and BMW Cheap Men's Nike Air VaporMax Utility Black UK , has said it must boost profitability to the level of rival premium carmakers. It has set an operating margin of around 8 percent as a benchmark level.

While launch costs for its new S90 and V90 models are likely to weigh later this year, Volvo posted a record operating margin of 7.5 percent in the quarter as the pricier XC90, its first model developed under Geely ownership, lifted both sales and earnings.

"The new XC90 proves that customers like what they see from the transformed Volvo Cars. One in five new Volvo cars sold in the first quarter was an XC90," Volvo Cars CEO Hakan Samuelsson said in a statement.

By comparison Cheap Men's Nike Air VaporMax 2.0 Casual White UK , BMW's operating margin stood at 9.4 percent in the first quarter of this year.

Volvo, one of Sweden's biggest companies by sales and staff numbers, is banking on a 75 billion Swedish crown investment plan in new models and plants to secure a firm foothold in a premium market where it had struggled to make inroads under Ford.

The unlisted carmaker has previously not issued quarterly results and its decision to do so is likely the strongest sign to date it is gearing up to tap international capital markets and loosen its reliance on loans out of China.

Watch House Season 8 Episode 3 Online by U now! The only way for you to watch that episode is to go at the link.

House returns to find Foreman (Omar Epps) the new dean of medicine, replacing Cuddy (Lisa Edelstein), whose departure was barely given a moment’s notice. You would think that all the years on the show would count for at least an explanation of her exit Cheap Nike VaporMax Moc Flyknit Women's Triple Black UK , but apparently real-world problems can’t enter House’s world. Anyway, I digress. More interesting, however, were the moments of the episode where House was alone. Without a full team (or many of his neuroses) it showed how vulnerable, and Cheap Men's Nike Air Max 270 Be True Multicolor UK , gasp, human, he really is. Sometimes. But, despite that, I have to echo Wilson’s question to House: you really haven’t changed Cheap Men's Nike Air Max 270 Flyknit Triple Black UK , have you? House hasn’t, and perhaps this time it will actually catch up to him. Maybe. Perhaps. Possibly. But wait! An odd return to form, and one that came a tad too early. Did I want a few more episodes of House sitting in the slammer? Not really, and as entertaining as House and Wilson’s bromantic “Titanic” scene was, I still think the ending was off the mark Cheap Superme x Nike Air Max 98 Black Gold UK , which marred what was otherwise one of the better “House” episodes we’ve seen in a while. The chances were there for the show to prune its branches and grow, but it ultimately fell back into tried and true . Wholesale Jerseys From China   Wholesale Jerseys China   Wholesale Jerseys From China   Wholesale NFL Jerseys   Wholesale NCAA Jerseys China   Wholesale Jerseys Free Shippping   Wholesale Baseball Jerseys China   Wholesale Soccer Jerseys Online   Cheap Jerseys   Wholesale Nike Basketball Jerseys