Volvo says to extend holiday shutdowns in North American truck ops

Volvo says to extend holiday shutdowns in North American truck ops

Ralph Orlowski

After booming orders in the North American heavy-duty truck market in late 2014 and early 2015, demand has slowed throughout this year.

"In North America we will take 2-1/2 stop weeks in addition to the normal Christmas and New Year's leave," Volvo spokeswoman Kina Wileke told Reuters.

Volvo, which in North America mainly sells trucks under its own as well as the Mack brand, said the production stops would take place in December and January on the Volvo Trucks side.

The Swedish firm, a rival of truck brands from Daimler , Volkswagen and U.S. group Paccar , in October forecast the North American heavy-duty truck market would contract 10 percent in 2016.

Volvo also said on Thursday its global truck shipments rose 2 percent in October year-on-year compared with a mean forecast for flat deliveries in a Reuters poll of analysts.

(Reporting by Johannes Hellstrom; editing by Niklas Pollard)

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