UPDATE 1-Volvo CEO still sees U.S. market recovery

Newswire

(Adds CEO quotes, background) STOCKHOLM, Aug 29 (Reuters) - Volvo , the world's number two truck maker, said its forecasts of heavy-duty truck markets this year was largely unchanged despite recent turmoil in global financial markets. The firm, which makes trucks under the Mack, Renault, Nissan and Volvo brands, has forecast a rise in the European market this year but a sharp contraction in North America after a buying spree ahead of new emission rules. Volvo issued the forecasts a ...

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