Hyperdrive
Volvo Sees Rising Truck Orders in Europe After Tough Year
- Net order intake jumps 24% after gains in Eastern Europe, US
- Manufacturer cuts its 2025 truck market forecast for China
This article is for subscribers only.
Volvo AB secured more truck orders in Europe and North America in the fourth quarter, fueling confidence that it can improve earnings this year.
Global net order intake jumped by around a quarter to 61,200 vehicles, mainly driven by larger fleets in Eastern Europe and demand for construction trucks in the US, Volvo said Wednesday. The shares rose as much as 7.2% in Stockholm.