Business News • MarketWire • HGV Insurance Specialist Reacts to Volvo Announcement |
HGV Insurance Specialist Reacts to Volvo Announcement |
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HGV Insurance Specialist Reacts to Volvo Announcement
FLINT, UNITED KINGDOM--(Marketwire - Jan. 26, 2010) - Leading HGV insurance specialists Staveley Head have reacted to AB Volvo's latest financial results. The Swedish manufacturer has revealed third quarter net sales have fallen by 31% to 4.36bn. Despite this, operating loss has been significantly reduced when compared with the second quarter, as a result of cost cutting measures. This amounted to Pounds Sterling 295.1m, half of the second quarter figure. These announcements come in the wake of an announcement from General Motors that it will be closing down the operations of fellow Scandinavian manufacturer Saab.
View More : http://www.marketwire.com/mw/release.do?id=1107678&sourceType=3
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