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TRUCKMAKERS' NEWS * Sweden - Volvo Surges Most in Eight Years on Dividend, Reduced Spending
Stockholm,Sweden -Bloomberg, by Chad Thomas -Feb 6, 2009: -- Volvo AB, the world’s second-largest truckmaker, surged the most in almost eight years in Stockholm after saying it would deepen costs cuts and pay a dividend... The Gothenburg, Sweden-based company aims to pay a dividend of 2 kronor for last year, down from 5.5 kronor a year earlier, Volvo said today, as it announced fourth-quarter earnings. Volvo lost 1.36 billion kronor ($165 million) in the period, and said it will adapt to lower demand as global truck orders slide... Volvo’s fourth-quarter truck orders dropped 82 percent, as cancellations in Europe exceeded bookings. The company is cutting 15,900 permanent and short-term positions...
Labels: truckmakers news worldwide
posted by Unknown @ 10:40 AM
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