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Volvo's News - Worldwide
* Truckmaker Volvo '06 profit views cut after weak Q4
STOCKHOLM,Sweden -Reuters -8 Feb 2006: -- Analysts have lowered their earnings forecasts for Volvo, the world's second biggest truck maker, after the company's unexpectedly weak fourth-quarter profit, a Reuters survey showed on Wednesday. The average forecast in a poll of nine analysts showed full-year pretax earnings at 19.05 billion crowns ($2.45 billion), a 6.3 percent downgrade from the same analysts' expectations ahead of the Sweden-based firm's earnings report...
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Volvo trucks hit by emission rule UK -BBC News -3 Feb 2006: -- Volvo is having to produce a range of new engines... Truck-maker Volvo has reported an unexpected 11% drop in profits after it was hit by the cost of meeting forthcoming new emissions guidelines... During its fourth quarter the Swedish giant made pre-tax profits of 4.14bn Swedish kronor ($538m; £303m), down from 4.6bn kronor a year earlier... The dip was caused by one-off costs of 500m kronor, led by having to produce a new line of cleaner engines... Volvo is now sticking to its European sales targets for 2006, but expects sales to be slightly higher in North America...
* A record year for Volvo Trucks in 2005
Gothenburg, Sweden -Truck News (Toronto,Canada), by Steven Macleod-3 Feb 2006: -- Deliveries of Volvo Trucks in 2005 were the highest ever recorded in the history of the company... With a total of 103,696 trucks delivered, the increase of seven per cent from 2004 was due primarily from a strong demand for heavy-duty trucks in North America, says the company... In the Western Hemisphere, Volvo Trucks recorded deliveries of 32,151 in North America and 7,723 in South America, increases of 23 per cent and two per cent respectively... The record number of deliveries by Volvo Trucks was achieved despite a one per cent drop in the number of trucks delivered in Europe. The 2004 total of 43,210 was decreased to 42,633 in 2005...
* Mack Trucks shine brightly for Volvo
Allentown,PA,USA -Allentown Morning Call -Feb 3, 2006: -- Mack Trucks of Allentown was the 2005 star performer for corporate parent Volvo of Sweden. Mack delivered more than 36,000 trucks last year, a 42 percent increase from 2004... The Swedish truck maker announced today that its other divisions had more modest gains... Deliveries increased 7 percent for Volvo Trucks and 6 percent for Renault Trucks...
posted by Unknown @ 10:10 AM
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