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/ Industry, News, Sales Reports, Volvo / Volvo returns to profit in Q3

Volvo returns to profit in Q3

Volvo, the biggest truck maker in the world posted a bigger-than-expected swing into profit in the third quarter on Friday and maintained its forecast of double-digit market growth on both sides of the Atlantic.
Friday’s report shows the company made a net profit of 2.8 billion kronor ($421 million), in contrast to last year’s loss of 2.9 billion kronor.
The Goteborg-based company says almost half of sales came from outside its traditional markets, but that both North America and the European truck market are performing well.

The group maintains its 2010 forecast for heavy duty trucks, predicting a 20-30 percent total growth in the North American market, and 10 percent in the European market.

by DUDU - Friday, October 22nd, 2010 - filed under Industry, News, Sales Reports, Volvo. Image credit: . Visited 1006 times, 2 so far today

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