Volvo truck sales fell 15 percent y/y

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The Swedish truck and bus manufacturer Volvo Group was affected in the first quarter by the corona crisis in its sales and production. This put pressure on the results.

According to Volvo, there was a strong impact from mid-March due to supply chain disruptions and production shutdowns at most plants due to government measures to address the outbreak.

Sales fell by 15 percent to SEK 91.4 billion in the past period, or nearly 8.4 billion euros. Profits went down. Volvo is also engaged in construction machinery and industrial equipment.

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Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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