Volvo’s sales drop more than half
Swedish truck maker Volvo said that total deliveries fell by 52 percent last month.
| Related news: • Volvo’s loss deeper than expected • Volvo Group to cut more than 1,500 jobs in Sweden |
The global downturn keeps hitting Volvo Group, the world's second-largest truck maker by sale, as demand continues to get weaker. In August the company sold 7,109 vehicles. That was a decrease of 52 percent compared to a year ago.
In addition to continued low demand, deliveries for August were also affected by a prolonged vacation period, the Gothenburg-based company said, which makes trucks, buses and construction equipment.
In Europe sales was down 72 percent; 66 percent in West Europe and 84 percent in East. In North and South America sales were down a third.
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Last Updated (Tuesday, 15 September 2009 09:26)
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