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PROFITS - Sweden - Volvo reports record profit, truck unit weak
STOCKHOLM, Sweden -Reuters/USA/by Niklas Pollard -Jul 25, 2005: -- Volvo, the world second biggest maker of trucks, reported its strongest ever quarterly profit and raised its North American market outlook on Monday but its shares fell as margins and order bookings undershot...
TRUCKS ORDERS FALL
Earnings at the trucks unit, which sells under the Volvo, Mack and Renault brands, rose 46 percent to 3.4 billion crowns compared to a 53-percent rise seen by analysts. Order intake was down 14 percent in Europe and 18 percent in North America...
UPBEAT ON NORTH AMERICA
Amid a subdued overall vehicles market, heavy duty truck makers have gained from strong demand in North America, Asia and Europe over the past several quarters, propelling Volvo to its highest-ever full-year profit last year...
posted by Unknown @ 3:11 PM
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