Volvo reports strong demand in North America and Europe
Volvo Group reports strong demand in North America and stable European sales. It expects its truck and construction units to exceed historical growth rates.
Insights:
Volvo Group reported stable European demand and strong North American growth on Wednesday as Volvo targets $3 billion in autonomous sales within five years. This outlook follows a period of high customer truck utilization that supports service activity despite rising cost inflation. These targets are critical as Volvo predicts its truck and construction units will outperform historical growth rates to boost long-term profitability.
