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Sep 23, 2006

Markets - Germany - Volvo sees '07 global truck market "a bit" softer

Hanover, Germany -Reuters, by Michael Shields -Sep 20, 2006: -- Volvo, the world's second-largest truck maker, expects global demand for trucks to ease next year but to remain lively in Europe, it said on Wednesday... Volvo earlier this year raised its 2006 forecasts for its main heavy-duty truck markets to 280,000 to 290,000 trucks in Europe and 350,000 to 360,000 in North America, including exports to other markets... Market demand has swelled in recent quarters as customers rushed to buy older, cheaper trucks ahead of new tougher emissions legislation set to be introduced in Europe in October and at the turn of the year in the U.S....

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