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Volvo profit rises 22%

Swedish company Volvo has announced on Tuesday about a sharp rise in second quarter net profit to 22%.

Truck demand in Europe remained in the leading position, also Volvo noted a clear recovery in the Russian market, while the North and South America markets it is possible to note positive dynamics.

In 2017, the company predicts that the demand for heavy-duty trucks in Europe remains at the same high level as in 2016. In North America, Volvo has improved its annual forecast to 225,000 trucks from 215,000.

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