SWEDEN: Volvo truck sales up 27% in December; 53% for year
Volvo Trucks’ December deliveries increased 27% year-on-year to 11,882 trucks. For the full year 2011, deliveries rose 53% to 115,346 trucks.
FRANCE/ITALY: January car sales sharply down in France and Italy
The month of January is off to a poor start in terms of European car sales if the results from France and Italy are anything to go by.
JAPAN: Denso nine-month net income drops 71.9%
Denso announced financial results for the nine months ending 31 December 2011 showing that onsolidated net income fell 72% year on year to JPY36.4bn (US$467.8m) and consolidated operating income was off 53% to JPY82.1bn on consolidated net sales down 6.1% to JPY2,214.4bn.
JAPAN: NSG closing Pilkington UK float line
Japan’s NSG Group, said its UK-based Pilkington automotive and building glass unit is to close a float glass production line due to falling demand. It has also revised down its fiscal 2012 full year forecast.