Truck maker Volvo rides demand boom but supply chain under pressure
Updated : April 24, 2018 01:00 PM IST
Truck maker AB Volvo beat first-quarter expectations with strong demand for trucks and construction equipment across most markets but cautioned that its supply chain was coming under pressure.
Sweden's Volvo and German competitors Daimler and Volkswagen are enjoying brisk business as fleet buyers step up purchases during what many analysts expect to be the peak year of the current demand cycle.
The first major European major truck maker to report on the quarter, Volvo raised its guidance for the North American and Indian heavy-duty truck market as well as for construction equipment in nearly all markets.
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