Volvo, MAN Profits Surge on E. European Truck Sales (Update3) (Bloomberg.com)
Volvo, MAN Profits Surge on E. European Truck Sales (Update3) (Bloomberg.com)
April 25 (Bloomberg) — Volvo AB and MAN AG reported first-quarter earnings that beat analyst estimates as eastern Europe led truck sales higher. Volvo stock rose 3.4 percent after the world’s second- largest truckmaker lifted its sales forecast for the European market and Chief Executive Officer Leif Johansson said demand in the east of the continent and Russia is gaining as much as 30 percent …