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UPDATE 1-Volvo truck shipments rise as Asia gives boost
27/08/2008 19:34. STOCKHOLM, Aug 27 (Reuters) - World number two truck maker Volvo said on Wednesday deliveries of its trucks rose 2 percent year-on-year in July as strength in Asia offset weakness on both sides of the Atlantic.

The group, which sells trucks under the Renault (other-otc: RNSDY.PK - news - people ), Nissan (nasdaq: NSANY - news - people ) Diesel and Mack brands as well as its own name, said in a statement deliveries in its biggest market, Europe, fell 5 percent and were down 2 percent in North America.

But in Asia, currently the firm's second-biggest market following the acquisition last year of Nissan Diesel, deliveries rose 16 percent from a year ago, Volvo said.

Volvo has forecast a 10 percent expansion of the European heavy-duty truck market while it expects the North American... // Forbes

Total: 7 news articles
First News Article: Reuters, 27/08/2008 17:41


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