Truckmaker Volvo meets operating profit forecast amid weaker Americas demand
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Swedish truckmaker Volvo reported a third-quarter operating profit of 11.7 billion Swedish crowns, matching market expectations despite weaker demand in the Americas. This is a decline from 14.1 billion crowns a year earlier. Volvo has lowered its outlook for the North American truck market while maintaining its European forecast, expecting heavy truck deliveries of around 295,000 vehicles in both regions by 2025.
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