Volvo was doing really good in 2016 and its revealed double-digit earning improvements proves that. The automaker forecasts a fourth consecutive year of record sales for 2017, in this goal it will be helped by the arrival of new models such as second-generation XC60 and the all-new XC40. Operating profit rose 66 percent to 11.0 billion Swedish crowns ($1.24 billion) and revenue increased 10 percent to 180.7 billion crowns. That helped improve the automaker's profit margin to 6.1 percent compared with a 4 percent margin in 2015. Since being bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010, Volvo has invested in new models and plants to secure a niche in the premium auto market which is dominated by Daimler's Mercedes-Benz and BMW.