UPDATE 1-Volvo shipments fall in Jan as weakness lingers


* Jan deliveries fall 32 pct yr/yr in key European market * Volvo shipments up 21 pct in N America, Asia up 12 pct * Little sign of strong recovery in Europe (Adds detail, background) STOCKHOLM, Feb 24 (Reuters) - World number two truck maker Volvo said on Wednesday deliveries of its trucks fell 8 percent year-on-year in January as weak demand continued to plague its main European market. The highly cyclical heavy-duty truck market was plunged into its steepest downturn in decades ...

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