/ News, Volvo / Volvo Sees European Truck Market Recovering

Volvo Sees European Truck Market Recovering

Linked In Share
Volvo Sees European Truck Market Recovering

Volvo expects the European and US commercial-vehicle markets to recover in 2013 as the global economic growth rebounds.

Chief Executive Officer Olof Persson said that Volvo plans to introduce this year new Renault Truck models, building on the introduction of Volvo’s FH lineup in 2012, as the industry shows signs of gradual improving. Volvo, which is the second-biggest truck maker after Daimler, expects the European truck market to increase by 4.1% this year to 230,000 units.

In 2012 industrywide sales dropped in Europe as the 17 nations that share the euro went into recession during the third quarter. Volvo’s operating profit dropped 84% during the fourth quarter due decreased deliveries and spending on a reorganizing plan that also included job cuts. Volvo cut almost 2,000 jobs during the fourth quarter, half of them in Japan, ended bus production in Sweden and closed a plant in Japan. At the end of 2012 Volvo had 98,717 employees globally.

“The market believes in the long-term restructuring,” analysts including David Arnold at Credit Suisse said.

Volvo said that truck sales for 2012 are estimated at about 221,000 units, but expects this year North America to account for the 250,000 deliveries which were estimated for 2012. The automaker also expects to see demand in Brazil reach 105,000 trucks, an increase from the previous forecast of 95,000 units.

by Ana Cezara Savin (my Google+) - Wednesday, February 6th, 2013 - filed under News, Volvo. Image credit: .
Linked In Share
Related Articles
europe rebound truck market Volvo


Discuss: Volvo Sees European Truck Market Recovering

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

2018 Audi A6 rendered
2018 Audi A6 renderedNew renderings with the 2018 Audi A6 are showing us how the model may look like in its future generation. The German based ...
[VIDEO] Ferrari FF testing hard on the Fiorano
[VIDEO] Ferrari FF testing hard on the FioranoA video recently uploaded to YouTube is showing a test mule of the Ferrari FF while it was being tested hard on the Fiorano. We ...
Skoda plans sportier version of the new Superb
Skoda plans sportier version of the new SuperbA sportier version of the new-gen Skoda Superb is currently being considered by the Czech based automaker but the model will not ...
Volvo S60 Cross Country Coupe rendered
Volvo S60 Cross Country Coupe renderedThe recently unveiled Volvo S60 Cross Country is now coming back in a rendering which is showing us how it may look like a ...
China auto sales expected to plateau in 2015
China auto sales expected to plateau in 2015China’s vehicle deliveries are predicted to remain on par with the 2014 level and drop by half compared to the 2013 figures as ...
Renault 5 to get a spiritual successor
Renault 5 to get a spiritual successorThe classic Renault 5 is getting ready to receive a spiritual successor which will be positioned alongside the Clio, as a recent ...
GM thinks next-generation Volt could support EV growth rate
GM thinks next-generation Volt could support EV growth rateGeneral Motors, the largest US automaker is going to unveil later on today during the North American International Auto Show in ...
2015 NAIAS: Range Rover HSE TD6 and Range Rover Sport HSE TD6
2015 NAIAS: Range Rover HSE TD6 and Range Rover Sport HSE TD6The British based automaker Land Rover has officially introduced the Range Rover HSE TD6 and the Range Rover Sport HSE TD6 at the ...
2015 NAIAS: Smart ForTwo Edition Flagship Cabrio
2015 NAIAS: Smart ForTwo Edition Flagship CabrioThe Smart ForTwo Edition Flagship Cabrio has been officially introduced at the 2015 NAIAS, as its deliveries will begin this ...
U.S.: Last BMW M5 30 Jahre M5 to be auctioned this week
U.S.: Last BMW M5 30 Jahre M5 to be auctioned this weekThe last example of the BMW M5 30 Jahre M5 special edition will be auctioned on the 15th of January, by Barrett-Jackson. In case ...
US: drivers rejoice as gasoline averages hits six-year low
US: drivers rejoice as gasoline averages hits six-year lowUS motorists have reasons to welcome the start of the New Year – the average price of gasoline, according to Lundberg Survey ...
Leaked – 2016 Lincoln MKX
Leaked – 2016 Lincoln MKXThe 2016 Lincoln MKX has recently leaked out all over the web, in its production version, ahead of its public debut which will ...
Suzuki Alto Turbo RS Concept shown in Tokyo
Suzuki Alto Turbo RS Concept shown in TokyoSuzuki has officially pulled the wraps off the brand new Alto Turbo RS Concept at the 2015 Tokyo Auto Show. The Japanese based ...
US: Volkswagen has devised a new recovery plan
US: Volkswagen has devised a new recovery planWhile overall the German parent is doing noticeably better after hitting record sales of more than 10 million vehicles last year, ...
2015 NAIAS: Infiniti Q60 Concept
2015 NAIAS: Infiniti Q60 ConceptThe Infiniti Q60 Concept has finally made its public debut at the 2015 NAIAS, in Detroit, in a world premiere. The future rival ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2018 audi a6 1
Range Rover HSE TD6 and Range Rover Sport HSE TD6 1
Smart ForTwo Edition Flagship Cabrio 1
2016-Lincoln-MKX-1
suzuki alto turbo rs concept 1
Infiniti Q60 Concept 1
2016 Buick Cascada 1
Mercedes-Benz C450 AMG Sport 1
Volkswagen Cross Coupe GTE Concept 1
Buick Avenir Concept 1
2016 Chevrolet Volt 1
Mercedes AMG GLE63 S Coupe 1

More automotive from inautonews
New renderings with the 2018 Audi A6 are showing us how the model may look like in its future generation. The German based automaker is apparently planning to introduce a new generation of the Audi A6 but if this has gotten your attention, forget about it, in the near future at least, because the ...
read more
Inautonews Editors Section
US and Japanese brands line up for Detroit’s NAIAS
US and Japanese brands line up for Detroit’s NAIASYesterday we discussed a little bit about the novelties that European – and especially German – brands have to offer during the first big auto ...
US: 2015 comes with numerous auto expectations
US: 2015 comes with numerous auto expectationsThe year 2014 has been retired, with numerous good news and maybe even more bad news. So, let’s take a look at what we reckon is in store for the ...
2015 Ford Mondeo arrives in Romania – short test drive inside
2015 Ford Mondeo arrives in Romania – short test drive insideFord Romania has introduced the fifth generation of the Mondeo in Europe, over a 2-day event which has gotten us, automotive journalists, through all ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Subaru vehicles for corroding brake linesSubaru of America has issued a recall for several vehicles because of a problem with the corroding ... New NHTSA boss warns recalls might surpass 2014 recordAccording to Mark Rosekind, the new boss of the US National Highway Traffic Safety Administration, ...
Safety Section