kscarbel2 Posted November 20, 2015 Share Posted November 20, 2015 Transport Topics / November 19, 2015Volvo will cut heavy-duty truck production in North America in December and January “as a consequence of lower demand and high inventories in the distribution channel,” it said in a press release Nov. 19."In North America, we will take 2 1/2 stop weeks in addition to the normal Christmas and New Year's leave," Volvo spokeswoman Kina Wileke told Reuters.Volvo, which in North America sells trucks under its namesake brand as well as the Mack brand, said the production stops would take place on the Volvo Trucks side.During an earlier earnings-related conference call, acting CEO Jan Gurander said dealer inventory had reduced the order intake at both Volvo and Mack. Also, he said he expected the North American market to decline by about 10% in 2016, calling that a "normalization." Quote Link to comment Share on other sites More sharing options...
Outbehindthebarn Posted November 20, 2015 Share Posted November 20, 2015 Evidence abounds that the oil shale boom has gone bust... that does indeed sound normal. Quote Fun is what they fine you for!My name is Bob Buckman sir,. . . and I hate truckers. Link to comment Share on other sites More sharing options...
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