Daimler trucks
The disruptions in the supply chain are less extensive than in autumn.
(Photo: dpa)
Against the weak market trend, the shares of Daimler Truck climbed. The truck manufacturer’s shares from the leading German index Dax rose by more than one percent after the Swedish competitor Volvo raised its market expectations.
Volvo expects to sell 320,000 heavy trucks in Europe and North America this year instead of 300,000. A 32 percent increase in orders in the first quarter compared to the first quarter of 2022 made the manufacturer Volvo more confident.
CEO Martin Lundstedt explained: “The disruptions in the European supply chains are not as extensive as in autumn and have contributed to higher productivity.” There is a backlog of need to replace outdated fleets.
Analysts interpret that Volvo is now expecting a strong second half of the year for its truck sales.
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