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Volvo reported a drop in third-quarter profit and a negative cash flow, citing difficult market conditions in North and South America that offset growth in Europe.
Volvo reported a drop in second-quarter profit, citing lower vehicle volumes and uncertainty among customers in the North American market.
Volvo's construction equipment unit is selling its majority stake in its Chinese joint venture, Shandong Lingong Construction Machinery Co., for 8 billion Swedish Kronor, marking a significant shift in its strategy for the country.
| 29 May 2009 |
| Volvo Powertrain signs agreement on shortening of work hours for collective-agreement employees | 29 May 2009 |
| WirelessCar awarded European telematics contract | 28 May 2009 |
| Volvo Group to launch electric hybrid technology for energy-efficient forestry machinery | 27 May 2009 |
| Greener commuting at Volvo by use of CO2 “pedometer” | 27 May 2009 |