N.America truck market outlook "conservative"-Volvo

Newswire

STOCKHOLM, July 25 (Reuters) - World number two truck maker Volvo said on Monday that its 2005 outlook for the market for heavy trucks in North America might be too low. The firm earlier raised its outlook for the market to growth of around 20 percent this year versus a previous forecast of growth of 15 to 20 percent. "Even the 20 percent might be on the conservative side," Chief Executive Leif Johansson told a news conference after the firm reported second-quarter earnings.

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