With ‘no help from the markets’, Volvo pushes truck Services developments

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.