Volvo truck shipments fall, Nissan gives boost
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World number-two truck maker Volvo  said on Monday deliveries of its trucks fell 10 percent in January through May as continuing weak U.S. demand was partly offset by the addition of its Nissan trucks.
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Swedish lorry-maker Volvo said Thursday it had recalled 125,000 trucks in North America due to the danger of short circuits in the lighting system that could cause fires.
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Industry analyst Trilby Lundberg says the drop comes thanks to an increase in crude oil supplies combined with the recovery of US offshore oil production after Hurricane Ivan.
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If Ford decides to sell successful Swedish luxury unit Volvo, it could mean a lack of strong bids for its Jaguar and Land Rover units at a time when Ford is restructuring its North American operations, analysts said on Monday.
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Nissan Motor Co. reported a bigger-than-expected 23 percent fall in quarterly net profit on Friday, hurt by a sluggish recovery in U.S. sales, and lowered its full-year forecasts despite a weaker yen.
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Caterpillar Inc , a manufacturer of heavy construction and mining equipment, said on Friday its quarterly earnings fell more than expected due to lower sales of diesel truck engines, weakness in North American construction markets, and higher production costs.
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General Motors Corp  said on Thursday its U.S vehicle sales fell 5.2 percent in December as consumer demand softened amid a weak housing market and higher gas prices.
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U.S. car and truck sales likely slowed in October from incentive-driven, surprisingly strong levels in September, and Detroit automakers look set to take most of the fall.
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The nation&#39;s two largest automakers on Wednesday reported weak November sales, but both expressed confidence that new products would help them pick up momentum.
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Sweden's Volvo AB VOLVb.ST will buy   Nissan Motor Co.'s 7201.T remaining 6 percent stake in   Japanese truck maker Nissan Diesel Motor Co. 7210.T, bringing   its total ownership to 19 percent, Nissan Motor said on Monday.
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Truck and bus maker AB Volvo on Tuesday made a $1.07 billion offer to take over Japan's Nissan Diesel Motor Co. in which the Swedish company already owns 19 percent, Volvo said.
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Nissan Motor Co. reported a  bigger-than-expected 23 percent fall in quarterly net profit on  Friday, hurt by a sluggish recovery in U.S. sales, and lowered  its full-year forecasts despite a weaker yen.
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Nissan Motor Co.  reported a worse-than-expected 23 percent slide in quarterly net profit, blaming a sluggish recovery in U.S. sales, and forecast the first full-year earnings drop under turnaround king Carlos Ghosn.
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Ford Motor Co. on Tuesday capped 2004  with its seventh straight month of weaker sales, despite a crop  of new vehicles and hefty incentives, while Japan's Nissan  Motor Co Ltd. posted another sales gain.
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Ford posted its fourth consecutive month of weaker U.S. sales with a seven percent drop in September, while Nissan posted an 11 percent gain.
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Swedish truck maker Volvo  said on Tuesday it will offer 540 yen ($4.51) in cash per share for all the Nissan Diesel Motor Co. Ltd.  shares it does not own, planning to make the Japanese truck maker a wholly owned unit.
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Caterpillar Inc. , a manufacturer of heavy construction and mining equipment, on Friday said quarterly earnings fell more than expected due to lower sales of diesel truck engines, weakness in North American construction markets, and higher production costs.