Sweden’s Volvo Group reported slightly higher deliveries but fewer truck orders in the third quarter as it prepares for a slower market in 2024.
Volvo is the first of the four major OEMs to report results for the July-September period, typically the slowest of the year. Paccar Inc., Traton Group and Daimler Truck will report in coming weeks.
“We have successfully mitigated cost inflation with price management and continued to handle disturbances in the supply chain,” Martin Lundstedt, Volvo Group...
https://www.freightwaves.com/news/volvo-group-posts-solid-q3-results-but-sees-slowdown-ahead