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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.
| 23 Jan 2009 |
| Volvo buses introduced in the US and Canada | 22 Jan 2009 |
| Volvo Aero gives notice of redundancy, affecting 250 employees in Trollhättan | 20 Jan 2009 |
| Volvo Trucks inaugurates new production plant in Russia | 19 Jan 2009 |
| Order for 235 Volvo buses to Australia | 23 Dec 2008 |