Volvo could break even as early as the fourth quarter, says Geely

Even after Geely Automobile posted an unexpected drop in its own second-half earnings, it thinks that Volvo (which it is in the process of buying) is expected to break even as early as the fourth quarter.

Shares of Chinese carmaker Geely, which is listed in Hong Kong, dropped by 6% — its largest drop in over two months, hitting a five-week low, before closing down 5.3% to HK$3.95 ($.51). Peter Lai, director at DBS Vickers, said that with the market anticipating growth, it was disappointing to experience a drop in profit.
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