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SWEDEN: Volvo truck deliveries up 19% in September

By just-auto.com editorial team | 24 October 2002

Deliveries from Volvo's truck operations, which includes Volvo Trucks, Mack Trucks, Inc., and Renault Trucks, increased by 19% for the month of September, compared with the same month last year.

On a year-to-date basis, deliveries amounted to 114,618 trucks, an increase of 1% compared with the same period last year. In Europe, deliveries declined by 4 % while North America increased by 8% compared with the same period last year.

On a 12-month rolling basis, total order intake for the truck brands declined by 2% compared to last year, with Europe at the same level and North America down 9%.

Leif Johansson, CEO said, "Despite the difficult business climate, the Group's third -- and usually weakest quarter -- contained a number of positive trends. Most important is the increased contribution from the truck operations, where we now see clear effects of synergies. In Western Europe, the demand for the new Volvo and Renault models continued to be strong. Both brands gained market shares and showed improved profitability.

We have also noted underlying improvements in North America, even though the sales increase primarily was a result of the peak linked to the implementation of the new emission standard. On the negative side, the deep downturn in the aviation industry seriously affected our aerospace operations in the third quarter, which is reflected in the on-going adjustments of capacity."