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Jul 19, 2014

TRUCKMAKERS NEWS * Sweden - Volvo

* Sweden - Sluggish Europe, Chinese construction woes dent Volvo profits

(Photo REUTERS, by CARLO ALLEGRI: A Volvo logo is pictured at the Jacob Javits Convention Center during the New York International Auto Show in New York April 16, 2014) 
Stockholm,Sweden -Reuters, by NIKLAS POLLARD/JOHANNES HELLSTROM -Jul 18, 2014: -- Truck maker AB Volvo posted core earnings well below expectations on Friday as it struggled with slow demand for European trucks at the start of the second quarter and a weakening market for construction equipment in China... The profit miss raises pressure on Sweden's biggest company by sales - and the country's top private sector employer - to show that a sweeping three-year plan to boost profitability is starting to boost its bottom line significantly... Shares in Volvo, which makes trucks, construction gear, buses and engines, slid 5.0 percent to their lowest level in more than five months, underperforming the European autos index .SXAP which eased 1.6 percent by 1219 GMT...

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