Volvo Group on rebalancing in Brazil and sticking it out in China

Volvo Group's second-quarter results took a bigger hit than expected from weakness in the Brazilian truck market and the Chinese construction equipment segment. However, company Chief Executive and President Olof Persson remains optimistic regarding strengths in the Japanese and North American truck markets, and with progress on the SEK9bn (US$1.3bn) profit improvement programme (2013-2015), towards … Continued

Volvo Group's second-quarter results took a bigger hit than expected from weakness in the Brazilian truck market and the Chinese construction equipment segment. However, company Chief Executive and President Olof Persson remains optimistic regarding strengths in the Japanese and North American truck markets, and with progress on the SEK9bn (US$1.3bn) profit improvement programme (2013-2015), towards which the company is now halfway through.

Subscribe to Automotive World to continue reading

Sign up now and gain unlimited access to our news, analysis, data, and research

Subscribe

Already a member?

https://www.automotiveworld.com/articles/volvo-group-rebalancing-brazil-sticking-china/

Welcome back , to continue browsing the site, please click here