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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US car and truck sales are likely to rebound in December from a disappointing November, but the bulk of the gain is expected to come from Asian automakers, analysts said.
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WASHINGTON - America&#39;s factories saw orders for big-ticket goods drop in October after brisk activity in the previous month, highlighting the sometimes bumpy recovery experienced by the nation&#39;s manufacturers.
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Ford Motor Co.  dropped from second to fourth in U.S. auto sales in November as they slid a steeper-than-expected 10 percent, while Toyota Motor Corp.'s  sales surged 16 percent to put it in the No. 2 spot.
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Swedish truckmaker AB Volvo reported solid third-quarter results on Friday, and raised its forecast for truck sales by 5 percent in Europe and as much as 15 percent to 20 percent in North America.
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Japanese truck maker Nissan Diesel accepted a billion-dollar buyout from its largest shareholder Volvo Trucks, the latest merger in the industry as companies prepare for more stringent emissions rules.
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The auto parts retailer turns to profitability but sees key sales effort fall below last year.
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Ford Motor Co.  posted lower May  sales on Friday, while rivals Nissan Motor Co. and Chrysler  Group eked out small gains amid high gas prices and concerns  about U.S. consumer confidence.
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Caterpillar Inc. , a maker of earthmoving 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.
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An upgrade from HSBC helped Swedish truckmaker Volvo (NASDAQ:VOLVY) buck a sharply lower European market Tuesday.
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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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Shares of Nissan, which posted disappointing results and forecast poor results for the full year on Friday, fell 8 percent after several brokers lowered their ratings on the companyâs stock. Nissan posted a 23 percent decline in quarterly profit and cut its profit forecast to 460 billion yen ($3.8 billion) from 523 billion yen for the fiscal year ending March 31. The report raised concerns about the companyâs near-term growth prospects and UBS Securities, Credit Suisse Securities and Mitsubishi UFJ Securities lowered their ratings on the company. Nissan, based in Tokyo, had been recovering under its chief executive, Carlos Ghosn, until it faltered last year.
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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.
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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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Swedish truck maker Volvo AB may stop expanding in Sweden and instead steer new investments in production capacity to the United States, the company's chief executive said Monday.
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Japan&#39;s four top automakers - Toyota, Nissan, Honda and Mazda - increased global production in November due to strong sales in overseas markets, but scandal-hit Mitsubishi was down, the companies said Friday.
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World number two truck maker Volvo  is selling its 28.7 percent stake in U.S. truck stop chain Petro Stopping Centers, yielding a capital gain of $46.3 million.