Volvo (VOLVY.PK) saw its sales and profits plunge in Q4 with weak demand persistent in Europe....

|About: Volvo AB ADR B (VOLVY)|By:, SA News Editor

Volvo (VOLVY.PK) saw its sales and profits plunge in Q4 with weak demand persistent in Europe. Sales fell 17% Y/Y to 71.8B kronor ($11.32B) and profits fell at the same rate to 793M kronor ($125M). The automaker's troubles crossed the pond as well, with orders in North America down 21% during the period.