A major Swedish truck manufacturer announced Wednesday that business conditions remain favorable across key markets, with particularly robust demand continuing in North America as production levels gradually climb.
Speaking from Sweden ahead of investor presentations, the company reported that European customer demand and deliveries are holding steady at positive levels throughout their operations during the current quarter.
The manufacturer noted that while cost pressures are mounting, the heavy utilization of customer vehicles and equipment is boosting service business activity.
Company executives projected that both their truck manufacturing and construction equipment divisions will exceed traditional growth patterns, though they did not provide specific timing for these projections.
In autonomous vehicle development, the company’s self-driving truck division is targeting fully automated highway operations by early 2027, with goals of reaching approximately $3 billion in revenue over the next five years to enhance overall company profits.
The firm’s engine and power systems division has set ambitious targets to double sales in upcoming years.
The Swedish company ranks among the globe’s leading producers of commercial trucks, buses and construction machinery.
Company shares remained flat by mid-morning European trading compared to the previous day’s close.
