A voice for newcomers in Sweden

Does Volvo's latest report suggest there's trouble down the road?

Volvo Group CEO said freight volumes and service demand in North America had remained solid. Photo: Janerik Henriksson/TT

Published: 24.Apr.2019 12:05 hrs

Swedish truck maker Volvo Group said sales and profits grew in the first quarter, but orders for its trucks fell by over a third.

With transportation a key element of the real economy, the performance of the Swedish-based firm that also manufactures Mack and Renault trucks could indicate trouble down the road.

While new orders fell by 36 percent, primarily due to North America, the reason has more to do with production constraints rather than demand.

Read full article on The Local

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