STOCKHOLM, June 17 World number two truck maker
Volvo said on Monday shipments of its trucks fell 9
percent year-on-year in May as lingering weakness in its two
biggest markets - Europe and North America - eclipsed a steady
upturn in South America.
Including joint ventures, mainly India's Eicher, shipments
were also down 9 percent, Volvo said in a statement.
Volvo, which sells trucks under the Renault, Mack and UD
Trucks brands as well as its own name, said deliveries in its
biggest market, Europe, fell 16 percent while they decreased 10
percent in North America and 9 percent in Asia.
Brazilian government incentives have spurred demand in South
America's biggest economy over the past couple of quarters and
Volvo said its shipments in the region were up 28 percent
compared to May last year.
(Reporting by Niklas Pollard)