Volvo May truck shipments up 49 pct yr/yr


STOCKHOLM, June 17 (Reuters) - World number two truck maker Volvo said on Friday shipments of its trucks rose 49 percent year-on-year in May as demand continued to increase in North America and Europe after the downturn. Volvo, which sells trucks under the Renault, Mack, UD Trucks and Eicher brands as well as its own name, said unit shipments rose 80 percent year-on-year in Europe while they were up 137 percent in North America. In Asia, deliveries fell 4 percent from a year ago.

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