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Economy

Smaller Than Expected Loss for Volvo

Published fredag 23 oktober 2009 kl 10.10
Order intake increased

Swedish car manufacturer Volvo reports a loss of nearly 600 million US Dollars during the third quarter of this year. It is not quite as bad as expected, but the difference compared to the same quarter last year - when Volvo made a 420 million dollar profit - is significant.

A faint light in the tunnel is that the order intake for lorries increased for the third quarter in a row, with a 20 % increase between the second and the third quarter.

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