Weaker dollar to cut Volvo U.S. losses

Newswire

STOCKHOLM, June 24 (Reuters) - The weakening of the U.S. dollar against the Swedish crown will help truck maker Volvo cut its losses on the North American market in the near term, Fredrik Brunell of Volvo's investor relations said on Monday. North America is Volvo's second biggest market, bringing in one third of total revenues. In the first quarter, Volvo's sales in North America were 11.7 billion crowns ($1.26 billion), of which 7.7 billion crowns came from sales of trucks. But the ...

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