* Shipments to North America down 27 percent in November
* European shipments down 13 percent
* Says cuts Volvo-branded output in North America
* Shares down 0.8 percent
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STOCKHOLM, Dec 19 Swedish group Volvo
, the world's second-biggest truckmaker, is scaling
back production in North America after tough economic conditions
saw its truck shipments fall 15 percent in November.
Volvo, which sells trucks under the Eicher, Mack, Renault
and UD Trucks brands as well as its own name, said on Wednesday
deliveries in its biggest market, Europe, fell 13 percent in
November year-on-year and were down 27 percent in North America.
Heavy-duty truck makers have run into weaker demand in
recent quarters as the euro zone crisis has stymied demand in
Europe, while a U.S. upturn has faltered amid worries about a
looming fiscal tightening.
Volvo said it was cutting production of Volvo-branded trucks
in North America. "Concerns about the economy continued to
affect the market, and a combination of stop days and rate
reduction is being implemented to align production with demand."
North American deliveries for its Mack brand were also down
sharply in the month, hit by fewer production days and concerns
about the so-called "fiscal cliff" of automatic tax hikes and
spending cuts in the United States.
A slowdown in economic activity in Europe and uncertainties
over the business climate were also hurting demand for its Volvo
brand, it said.
Shipments fell 15 percent in Asia and decreased 12 percent
in South America.
Handelsbanken analyst Hampus Engellau said the delivery
numbers were in line with expectations adding that the
production cuts were also expected.
Volvo shares were down 0.8 percent at 90.60 crowns at 0854
GMT, slightly underperforming the wider Stockholm market
(Reporting by Mia Shanley and Johannes Hellstrom; Editing by