STOCKHOLM -- Vehicle deliveries by global No. 2 truckmaker AB Volvo rose 22 percent year-on-year in January through October, boosted by an upturn in its main markets Europe and North America, Volvo said Thursday.
Total deliveries in the January-October period were 152.801 units, up from 124.994 units in the year-ago period.
"In October we delivered 19,000 trucks, which is the highest number so far," the truckmaker's CEO Leif Johansson said in a statement.
"Our industrial system is working well, and we are capable of meeting the strongly rising demand in a very good way."
Volvo said deliveries from its U.S. Mack brand rose 30 percent while those from Renault Trucks were up 17 percent. Deliveries from Volvo Trucks increased 25 percent during the period.
The Volvo group includes the Renault and Mack brands, as well as vehicles sold under its own name, following its acquisition of France's Renault VI in 2001.
Volvo, which also makes buses and construction equipment, said that during the past 12 months order bookings for the group's truck operations were 42 percent higher compared with the preceding year.
Last month, Volvo beat market expectations with a sharp rise in underlying earnings, and raised its forecasts for truck sales in Europe and North America this year and said it expected a further increase in 2005.