GOTEBORG, Sweden, Feb. 19, 2004 (PRIMEZONE) -- Volvo:
Compared with the year-earlier period, deliveries of trucks from the Volvo Group to date this year increased 11%. Mack Trucks was up 5% and Renault Trucks increased by 4%. Volvo Trucks posted an increase of 19% during the period.
"Generally, we have had a highly satisfactory start on the year for our three brands in our truck operations. This is particularly the case in North and South America. In addition, Asia market area continues to be very strong, primarily driven by a strong development in the Middle East," commented Leif Johansson, CEO and President of the Volvo Group.
On a 12-month rolling basis, total order bookings for the truck brands was up 8% compared with the preceding year, with Europe 4% lower and North America up 21%.
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The Volvo Group is one of the world's leading manufacturers of trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace components and services. The Group also provides complete solutions for financing and service. The Volvo Group, which employs about 71,000 people, has production facilities in 25 countries and sells their products in more than 185 markets. Annual sales of the Volvo Group amount to 18 billion euro. The Volvo Group is a publicly-held company headquartered in Goteborg, Sweden. Volvo shares are listed on the stock exchanges in Stockholm, London and Frankfurt and on NASDAQ in the US.
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