Volvo truck shipments rise 2 pct in July
STOCKHOLM, Aug 27 (Reuters) - World number two truck maker Volvo (VOLVb.ST) said on Wednesday deliveries of its trucks rose 2 percent year-on-year in July as firm demand in Asia offset weaker development on both sides of the Atlantic.
The group, which sells trucks under the Renault, Nissan Diesel and Mack brands as well as its own name, said in a statement deliveries in its biggest market, Europe, fell 5 percent while they were down 2 percent in North America.
In Asia, home to a bigger share of the group's business following the acqusition last year of Nissan Diesel, deliveries rose 16 percent from a year ago, Volvo said.
© Thomson Reuters 2009 All rights reserved
Green Shoots / Brown Weeds
Jobless claims drop steeply
The number of U.S. workers filing new claims for jobless benefits fell sharply last week, although the data was distorted by an unusual pattern of layoffs in the automotive industry. Full Article
Bad weather hurts retail sales
Sales fell at many U.S. apparel retailers and warehouse club stores in June as the weak economy and cool, rainy weather dashed interest in summer shopping for consumers across the country. Full Article
