Volvo’s stronger than expected truck orders lead to share prices rising
Reuters.com – 24/07/13
Sweden’s largest private sector employer and biggest company in terms of sales saw their share prices rise by 2.9% in early trade, furthering recent gains and reaching the highest level in more than a month. Volvo has had higher than expected orders and earningsin most of its main markets in the second quarter.
A need to replace ageing fleets has slowly increased heavy truck orders on both sides of the Northern Atlantic. Volvo have said that their order intake extended by double-digits in all major markets, with the exception of Asia in which there was a slight decline. Read More