STOCKHOLM May 17 World number two truck maker
Volvo said on Friday shipments of its trucks eased 2
percent year-on-year in April as booming business in South
America took most of the sting out of moderating declines in
Europe and the United States.
Including joint ventures, mainly India's Eicher, shipments
dipped 4 percent from a year ago, Volvo said in a statement.
Volvo, which sells trucks under the Renault, Mack and UD
Trucks as well as its own name, said deliveries in its biggest
market, Europe, fell 7 percent while they dipped 10 percent in
North America and 12 percent in Asia.
But deliveries in South America, where government incentives
in regional powerhouse Brazil has generated a surge in demand
over the past couple of quarters, shot up 54 percent in the
month to offset nearly all the decline elsewhere.
Indications demand is picking up pace also in the
recession-hit European market have been gaining in strength in
recent months and Volvo said its Renault brand had stopped
running short-time work weeks in April.
(Reporting by Niklas Pollard and Johannes Hellstrom)