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TRUCKMAKERS NEWS * Sweden: Volvo's
Volvo Truck shipments fall 8% YoY
Stockholm,Sweden -Reuters/ET Auto (India Times) -18 September 2014: -- World number two truck maker Volvo posted a bigger than expected fall in truck shipments in August as a slowdown in Europe - above all in its Renault brand's home market France - and lingering weakness in Brazil weighed... Shipments of the group's truck brands - Volvo, Mack, UD Trucks and Renault - fell 8 per cent year-on-year versus a mean forecast in a Reuters poll of analysts for a 1.5 per cent fall... The company, which vies for market leadership with Germany's Daimler AG and Volkswagen's MAN SE and Scania brands, said deliveries in its top market, Europe, tumbled 19 per cent the 11 per cent decline seen by analysts... Shipments of Renault trucks alone plunged 32 per cent in Europe during the month, Volvo said... In South America, where the weak economy in Brazil has been a major drag on the truck market in 2014, shipments fell 42 per cent, hit by lower demand and an inventory reduction by its dealers... Shipments in North America, which has been one of few markets bright spot for Volvo this year, rose 22 per cent...
Labels: truckmakers news Sweden
posted by Unknown @ 6:20 PM
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