Volvo shares jumped 26 percent, after the company announced sales results that were better than analysts expected.
In addition, Volvo announced that it will transfer its rights to the Polestar luxury brand to the group's majority owner, China's Geely Holding, SEEbiz reports.
Analysts interpret that move as positive, because Volvo will be able to focus on its own brands, and the latest results show that this is the right strategy.
The fourth quarter of last year was particularly good, when Volvo made 643,83 million dollars in operating profit, which is almost twice as much as in the same period last year.
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