Volvo truck unit reports first quarter profit
Volvo AB’s truck unit posted a profit in the first quarter 2010. The unit’s operating income totaled $200,000 for the quarter, compared with a loss of $334,000 last year.
North American truck sales rose by 6 percent and increased by 6,040 units over the year. The company’s South American sales increased 92 percent, and sales in Europe fell by 18 percent. Worldwide sales fell by 2 percent.