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Volvo further slows North American production


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Dagens Industri  /  June 27, 2016

Volvo is slowing down truck production a little further over the summer in North America, in order to balance inventory with production and classes of dealer.

At Tuesday's investor meeting, CEO Martin Lundstedt spoke of a weak market in North America at the moment.

"As usual when you have a downward movement, it takes a while to adjust inventories [of customers]. At the beginning of the year, we said that it would probably take until late summer or autumn before that adjustment had been made, but now we think it may take the entire year," said Lundstedt.

He also mentioned the company's landscape prediction on a annual market for heavy trucks in North America at 250,000 vehicles.

 “The competition has roughly the same projections”, said Martin Lundstedt. He said that Volvo is secure in being able to handle market fluctuations in North America.

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