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Volvo Trucks’ low Q2 sales buoyed by strong service division

Volvo called Q2 2025 a period of stabilisation and uncertainty, with tariffs causing order drop offs in North America and beyond. By Will Girling

Volvo Group published its Q2 2025 financial results on 17 July 2025. President and Chief Executive Martin Lundstedt called it a period "characterised by a general stabilisation" in Europe, yet the truck maker's struggling North American market may still be teetering on the edge of further deterioration as tariff-driven uncertainty continues.

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