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August 21, 2014
05:48 EDTVOLVYVolvo reports July truck deliveries down 9% to 15,410
Deliveries from the Volvo Groupís truck operations in July amounted to 15,410 vehicles. This was a decrease of 9% compared with the year-earlier month. On a regional basis July deliveries declined by 36% in South America and by 17% in Europe while deliveries increased by 21% in North America. In July 8,616 Volvo trucks were delivered, a decrease of 13% compared with the same month last year. In Europe 2,944 vehicles were delivered during July, down by 24% compared with July 2013. Deliveries in Eastern Europe were down by 27% mainly due to lower demand in Russia. Demand in North America continued to be good and deliveries increased by 25% to 2,941 vehicles in comparison with the same period last year. Deliveries in South America decreased to 1,446 trucks in July, a decrease of 36% compared with July 2013. The decrease is a consequence of lower demand as well as inventory reduction in the dealer channel.
News For VOLVY From The Last 14 Days
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March 26, 2015
07:23 EDTVOLVYUBS to hold a field trip
Field Trip: 2015 Mid-America Trucking Show is being held in Louisville, KY on March 26.
March 19, 2015
10:20 EDTVOLVYReport: Volvo may oust CEO Olof Persson in next 1-2 weeks, Reuters says
Volvo (VOLVY) may oust CEO Olof Persson as the automaker faces lower profit, reports Reuters, citing a Swedish business daily Dagens Industri report. According to unnamed sources, an announcement about the CEO's departure could come within one or two weeks. One likely successor could be Volkswagen's (VLKAY) Scania head Martin Lundstedt. Reference Link

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