Sweden’s Volvo said on Thursday it expected its European markets share in trucks to rise to 17% in the first quarter of the year from around 14.5 from the fourth quarter, the head of Volvo Trucks said, according to Reuters.

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“We had a market share of around 17% in January and it seems like we’ll remain there (for the quarter),” Jorma Halonen told Reuters.


But he repeated the group’s outlook for a sales decline for the full year, Reuters said.


“The first quarter will be a bit stronger than usual, but towards the end of the year it will fall again. We have earlier said it will fall by 3% to 4% and there is no reason to change that view,” Halonen told Reuters.

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