Truck Maker AB Volvo Hit Hard in Q4, Sees Growth in 2010

February 5, 2010 /EIN PRESSWIRE/ AB Volvo saw its loses widen by 47% in the fourth quarter of 2009, due mainly to declining sales and restructuring costs.

The maker of Mack, Volvo, Renault and UD trucks lost 1.99 billion SWE kroner ($271 million) in Q4, compared to a 1.35 billion SWE kroner loss last year. Volvo has posted five straight quarterly losses.

Although the results were weaker than analysts expected, investors appear encouraged by the company’s positive market outlook and improved cash flow. That optimism helped Volvo shares rise more than 3% after the announcement.

Read more about this story at Truck Industry Today:

Latest Volvo news – http://trucks.einnews.com/news/truck-volvo
Latest Mack Trucks news – http://trucks.einnews.com/news/truck-mack

Located at http://trucks.einnews.com, Truck Industry Today is a service of EIN News, an industry leader in news monitoring for business professionals and analysts. Using a combination of proprietary search technology and human editing, EIN News delivers to its members the latest truck news from around the world, saving them valuable time they’d spend searching for information. New users to Truck Industry Today can enjoy a no-obligation, one-week free trial.

About EIN Presswire
The EIN Presswire press release distribution service is a news-syndication solution that distributes news to more than 10 million visitors annually at EIN News and millions more through its press release distribution partners. A news source for leading journalists, decision-makers and industry professionals worldwide, EIN Presswire targets press releases to a wide array of worldwide business professionals in more than 80 different industries. EIN Presswire also offers affiliate network opportunities and news distribution to tens of thousands of news subscribers daily. Read the newest business news at http://www.einpresswire.com and the latest world news in more than 80 different industries at http://www.einnews.com.

ABOUT THE AUTHOR: