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Volvo Group sees payoff in Mack, Renault investment

Though the construction equipment operations are struggling with headwinds, promising developments are emerging on the trucks front

Volvo Group recorded some notable improvements in the underlying profitability of its truck business in Q4 and made headway on its efficiency targets, but strong headwinds in the construction equipment (CE) business took a bite out of the bottom line. Truck order intake increased by 16% while order intake of construction equipment decreased by 33%.

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