VOLVO DELIVERIES SLIDE 28 PER CENT

STOCKHOLM, Sweden — Volvo AB says deliveries of Volvo Trucks fell 28 per cent through February, to 2,698 from 3,739 in the same period last year.

Deliveries from Volvo Global Trucks overall through February 2001 amounted to 26,017 trucks compared to 27,925 trucks last year, for a drop of seven per cent.

As for order intakes, Volvo Trucks North America saw a drop of 18 per cent compared to a year earlier. Volvo says all segments, including the vocational, are now affected by the continuing downturn in the North American market.

“We are continuously adapting the capacity to the market changes, in order to avoid inventory build-up,” comment Tryggve Stehn, president Volvo Global Trucks. “We are also beginning to see a downturn in the central part of Europe while demand in Eastern Europe continues to be strong”.

Volvo also says deliveries of Mack Trucks also fell, by 39 per cent, to 3,960 so far this year, from 6,450 in the same period last year. Overall, Mack deliveries through February totaled 4,152 vehicles, down 37 percent from the 6,579 units delivered during the same period last year.

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