Truck maker Volvo posts Q4 profit (AP)
STOCKHOLM – Swedish truck maker AB Volvo reports a acquire for the ordinal quarter, peppy backwards mainly from a jump in sales.
Friday's inform showed a net acquire of 3.2 1000000000 kronor ($500 million) in the quarter, compared with a preceding loss of almost 2 1000000000 kronor in the aforementioned threesome months a assemblage ago.
Sales soared for the Goteborg-headquartered assemble in the period, reaching 73.4 1000000000 kronor, up sharply from 59.8 1000000000 kronor a assemblage earlier.
Volvo has around 90,000 full-time staff and also makes buses, engines and construction equipment. It oversubscribed its automobile sectionalization to U.S.-based author Motor Co. in 1999, which in invoke oversubscribed it to China's Geely Holding Group last year.
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