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Jul 19, 2016

VOLVO TRUCKS news * Sweden - Beats earnings forecast

* Stockholm - Volvo, sees U.S. market weaken

--- Swedish truckmaker Volvo reported better than expected second-quarter earnings on Tuesday as cost cuts and rising European sales helped fortify it against slumping U.S. demand for commercial vehicles... Volvo, which sells trucks under the Mack, Renault and UD brands as well as its own name, scaled back its outlook for North America, saying it expected industry wide sales of 240,000 trucks, down from a forecast for 250,000 given in April... It reported adjusted operating margin of 7.8 percent compared with a year-ago 7.1 percent and the 7.0 percent seen by analysts... 
(Photo from REUTERS/BOB STRONG - The logo of Volvo is seen on the front grill of a Volvo truck in a customer showroom at its company headquarters in Gothenburg September 23, 2008)   --   Stockholm, Sweden - Reuters, by NIKLAS POLLARD & JOHANNES HELLSTROM - Jul 19, 2016

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