VOLVO GROUP * USA: Profit bigger than expected increase
* Stockholm - Volvo profit jumps on cost cuts and strong truck demand
Volvo reported a far bigger than expected increase in first-quarter core earnings on Tuesday as robust demand and years of cost cutting boosted turnover and profitability... Gothenburg-based Volvo also raised its forecast for construction equipment demand in China after a lengthy period of lacklustre sales but left its outlook for truck markets on both sides of the North Atlantic unchanged... Shares in the maker of trucks, construction vehicles, buses and engines leapt as much as 12 percent to their highest in nearly a decade and were 8 percent higher at 144.7 Swedish crowns at 1030 GMT...
(Photo by Fabian Bimmer - IAA truck show in Hanover. Visitors surround a Volvo FH16 truck at the booth of Swedish truck maker Volvo at the IAA truck show in Hanover, September 22, 2016) -- Gothenburg, Sweden - Reuters, by Niklas Pollard and Johannes Hellstrom - April 25, 2017
Labels: truckmakers news Sweden