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Volvo cautious
Page 6
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VOLVO group sales for the first six months of this year were 28 per cent up over the same period in 1978 at 11,696m S Kr (E1230m). This figure includes the contributions from all the various Volvo interests including the marine, car and commercial vehicle divisions.
The truck division sales of 1,544 m S Kr represented a 20 per cent improvement over the first half of 1978. The bus market showed a 19 per cent increase.
In spite of these figures, Volvo president Pehr Gyllenhammer was cautious when he reported the results. "The Volvo group is able to report a substantial increase in both sales and income for the first half of 1979.
"My view, expressed in May of this year, that there is a risk of a weakening of the (world) economy towards the end of 1979, remains firm."