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Truck maker Volvo profits rise amid mixed market

October 24, 2014

STOCKHOLM (AP) — Swedish truck maker AB Volvo says net profit in the third quarter rose slightly to 1.6 billion kronor ($220 million) in a mixed economic environment.

The Goteborg-based company said Friday the figure for July-September was up from 1.4 billion kronor in the same period last year.

Volvo, which also makes buses, engines and construction equipment, said sales grew slightly from last year to 67.2 million kronor ($9.2 million).

CEO Olof Persson said in a statement the heavy-duty trucks forecast for 2015 will be the same as in 2014 in Europe, Japan and China, but on a higher level in North America and India and lower in Brazil.

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