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Volvo upbeat on European truck orders after robust quarter

Published Wed, Feb 1, 2017 · 09:50 PM

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Stockholm

TRUCK maker Volvo raised its forecast for the European market on Wednesday as years of cost cuts and healthy sales delivered stronger-than-expected quarterly earnings.

Sweden's Volvo, which competes with German rivals Daimler and Volkswagen's stable of truck brands, also reported a surprise rise in orders for its trucks, driven by strong demand in Europe.

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