(Eric Thayer/Bloomberg)
Volvo AB reported better-than expected second-quarter earnings as signs of a recovery in Europe helped offset weak demand for trucks in North America.
Adjusted operating income fell to 13.5 billion kronor ($1.38 billion) in the quarter, from 19.4 billion kronor a year earlier. Analysts were expecting 13.2 billion kronor on average.
Truck manufacturers including Daimler Truck Holding AG and Traton SE, have flagged tepid sales momentum in the U.S. following tariff moves by President Donald Trump. The industry faces mounting pressure to reduce costs amid softer demand and a tougher pricing environment.
