Volvo Group reported record second-quarter profits with strong sales offset by one-time charges for getting out of the bus business in the U.S. and settling price-fixing allegations in Europe.
The strong results came despite lower truck orders and declining market share. Still, Volvo increased industrywide estimates for heavy truck sales in Europe and North America. It now expects 330,000 in each market, up from 320,000, based on larger fleets continuing to replace older vehicles.
Volvo’s Q2 net...
https://www.freightwaves.com/news/volvo-group-surges-to-q2-profit-record-amid-signs-of-cooldown