Volvo Buses – positive result in a weak market
In continued weak markets Volvo Buses reported an operating income of SEK 50 M for the fourth quarter 2013. Net sales in the fourth quarter increased by 2% to SEK 5,512 M (5,385). Order intake in the fourth quarter totaled 2,406, which was a decrease of 17% compared to the same period last year. During the quarter, an order for 414 city buses to New York City was signed.