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Prognosis - Sweden - Volvo Motors Along for Now
It's a tough time to invest in trucks, but here's one Fool who's doing it anyway
Sweden - MSNBC (USA) -26 July 2006: -- If you've followed the trucking industry for a while, you probably already know that upcoming changes to European and American emissions standards should put the brakes on sales of new trucks before too long. But the geopolitical concerns that are affecting other sectors are having an effect on truck builders, too. Just listen to what Volvo management says about market risks today... "I worry about what is happening in the Middle East. Partly because of the direct effect it is having on our sales, partly because it can drive oil prices up. It can create worldwide unrest that depresses world trade. War doesn't benefit anybody," said CEO Leif Johansson in last Friday's earnings call...
posted by Unknown @ 4:21 PM
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