The best that Volvo Group could say about the second quarter (Q2) is that its cost cutting initiative remains on track and it has high hopes for a payoff from the new business structure. Truck sales are down and orders look sketchy. On top of that it has agreed to a hefty fine from the European Commission for its part in a widespread truck cartel. "I think it's fair to say that we don’t get very much help from the market," Chief Financial Officer Jan Gurander told analysts.
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