SWEDEN: Profits slump at truck maker Volvo

Stay connected Subscribe to our RSS feed

Volvo, the world's second largest truck maker behind Daimler, reported operating profits down to SEK2.9bn (US$433m) from SEK5.8bn a year ago as third-quarter orders fell 25%. The company, which makes trucks under the Volvo, Renault, Mack, Eicher and UD Trucks brands, said it expects no growth in either Europe or the US next year.