Truckmaker Volvo profit just misses view as chip shortage weighs

Reuters2021-07-20

STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles ...

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Comments

OO_898
2021-07-20
OO_898
Nice
Winnerwinner
2021-07-20
Winnerwinner
Oh cool
Moiii
2021-07-20
Moiii
Good read for the holidays
beebeeyan
2021-07-20
beebeeyan
ok
Sfun
2021-07-20
Sfun
nice
DandanC
2021-07-20
DandanC
Like and comment
- RainbowMouse:
  sure done

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href=https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles ...</p>\n\n<a href=\"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VLVLY","symbol_name":"Volvo 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trucks as well as smaller vehicles, crimping production, extending lead times and lifting costs.</p>\n<p>Volvo, a rival of Germany's Daimler(DAIGn.DE)and Traton(8TRA.DE), said it struggled with substantial production stoppages as a result in the second quarter.</p>\n<p>\"There will be further disruptions and stoppages in both truck production and other parts of the group in the second half of the year,\" Volvo Chief Executive Officer Martin Lundstedt said in a statement.</p>\n<p>Meanwhile, demand for heavy-duty trucks is strong with a surge in online shopping due to the pandemic driving freight volumes and rates, emboldening fleet operators to move ahead with vehicle orders put on hold after the virus first struck.</p>\n<p>Volvo said order bookings of its trucks, sold under brands such as Mack and Renault as well as its own name, soared 143% from a weak year-ago quarter and stood by forecasts for solid market growth in both Europe and North America this 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just misses view as chip shortage weighs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-20 14:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles ...</p>\n\n<a href=\"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLVLY":"Volvo AB"},"source_url":"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121370539","content_text":"STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles with intense pressure on its supply chain from a global chip shortage.\nAdjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 9.73 billion Swedish crowns ($1.12 billion) from 3.27 billion a year ago, undershooting the 9.84 billion seen by analysts according to Refinitiv data.\nA global shortage of semiconductors just as the market roared back after last year's pandemic plunge has squeezed makers of heavy-duty trucks as well as smaller vehicles, crimping production, extending lead times and lifting costs.\nVolvo, a rival of Germany's Daimler(DAIGn.DE)and Traton(8TRA.DE), said it struggled with substantial production stoppages as a result in the second quarter.\n\"There will be further disruptions and stoppages in both truck production and other parts of the group in the second half of the year,\" Volvo Chief Executive Officer Martin Lundstedt said in a statement.\nMeanwhile, demand for heavy-duty trucks is strong with a surge in online shopping due to the pandemic driving freight volumes and rates, emboldening fleet operators to move ahead with vehicle orders put on hold after the virus first struck.\nVolvo said order bookings of its trucks, sold under brands such as Mack and Renault as well as its own name, soared 143% from a weak year-ago quarter and stood by forecasts for solid market growth in both Europe and North America this 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weighs","url":"https://stock-news.laohu8.com/highlight/detail?id=1121370539","media":"Reuters","summary":"STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slig","content":"<p>STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles with intense pressure on its supply chain from a global chip shortage.</p>\n<p>Adjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 9.73 billion Swedish crowns ($1.12 billion) from 3.27 billion a year ago, undershooting the 9.84 billion seen by analysts according to Refinitiv data.</p>\n<p>A global shortage of semiconductors just as the market roared back after last year's pandemic plunge has squeezed makers of heavy-duty trucks as well as smaller vehicles, crimping production, extending lead times and lifting costs.</p>\n<p>Volvo, a rival of Germany's Daimler(DAIGn.DE)and Traton(8TRA.DE), said it struggled with substantial production stoppages as a result in the second quarter.</p>\n<p>\"There will be further disruptions and stoppages in both truck production and other parts of the group in the second half of the year,\" Volvo Chief Executive Officer Martin Lundstedt said in a statement.</p>\n<p>Meanwhile, demand for heavy-duty trucks is strong with a surge in online shopping due to the pandemic driving freight volumes and rates, emboldening fleet operators to move ahead with vehicle orders put on hold after the virus first struck.</p>\n<p>Volvo said order bookings of its trucks, sold under brands such as Mack and Renault as well as its own name, soared 143% from a weak year-ago quarter and stood by forecasts for solid market growth in both Europe and North America this year.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles ...</p>\n\n<a href=\"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLVLY":"Volvo AB"},"source_url":"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121370539","content_text":"STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles with intense pressure on its supply chain from a global chip shortage.\nAdjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 9.73 billion Swedish crowns ($1.12 billion) from 3.27 billion a year ago, undershooting the 9.84 billion seen by analysts according to Refinitiv data.\nA global shortage of semiconductors just as the market roared back after last year's pandemic plunge has squeezed makers of heavy-duty trucks as well as smaller vehicles, crimping production, extending lead times and lifting costs.\nVolvo, a rival of Germany's Daimler(DAIGn.DE)and Traton(8TRA.DE), said it struggled with substantial production stoppages as a result in the second quarter.\n\"There will be further disruptions and stoppages in both truck production and other parts of the group in the second half of the year,\" Volvo Chief Executive Officer Martin Lundstedt said in a statement.\nMeanwhile, demand for heavy-duty trucks is strong with a surge in online shopping due to the pandemic driving freight volumes and rates, emboldening fleet operators to move ahead with vehicle orders put on hold after the virus first struck.\nVolvo said order bookings of its trucks, sold under brands such as Mack and Renault as well as its own name, soared 143% from a weak year-ago quarter and stood by forecasts for solid market growth in both Europe and North America this year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171717753,"gmtCreate":1626764326572,"gmtModify":1703764753256,"author":{"id":"4089265076518760","authorId":"4089265076518760","name":"Moiii","avatar":"https://static.tigerbbs.com/613480a95826a2f17b864d65a0a70fd2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4089265076518760","idStr":"4089265076518760"},"htmlText":"Good read for the holidays","listText":"Good read for the holidays","text":"Good read for the holidays","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171717753","repostId":1121370539,"repostType":4,"repost":{"id":"1121370539","pubTimestamp":1626761386,"share":"https://ttm.financial/m/news/1121370539?lang=&edition=fundamental","pubTime":"2021-07-20 14:09","market":"us","language":"en","title":"Truckmaker Volvo profit just misses view as chip shortage weighs","url":"https://stock-news.laohu8.com/highlight/detail?id=1121370539","media":"Reuters","summary":"STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slig","content":"<p>STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles with intense pressure on its supply chain from a global chip shortage.</p>\n<p>Adjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 9.73 billion Swedish crowns ($1.12 billion) from 3.27 billion a year ago, undershooting the 9.84 billion seen by analysts according to Refinitiv data.</p>\n<p>A global shortage of semiconductors just as the market roared back after last year's pandemic plunge has squeezed makers of heavy-duty trucks as well as smaller vehicles, crimping production, extending lead times and lifting costs.</p>\n<p>Volvo, a rival of Germany's Daimler(DAIGn.DE)and Traton(8TRA.DE), said it struggled with substantial production stoppages as a result in the second quarter.</p>\n<p>\"There will be further disruptions and stoppages in both truck production and other parts of the group in the second half of the year,\" Volvo Chief Executive Officer Martin Lundstedt said in a statement.</p>\n<p>Meanwhile, demand for heavy-duty trucks is strong with a surge in online shopping due to the pandemic driving freight volumes and rates, emboldening fleet operators to move ahead with vehicle orders put on hold after the virus first struck.</p>\n<p>Volvo said order bookings of its trucks, sold under brands such as Mack and Renault as well as its own name, soared 143% from a weak year-ago quarter and stood by forecasts for solid market growth in both Europe and North America this year.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Truckmaker Volvo profit just misses view as chip shortage weighs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTruckmaker Volvo profit just misses view as chip shortage weighs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-20 14:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles ...</p>\n\n<a href=\"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLVLY":"Volvo AB"},"source_url":"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121370539","content_text":"STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles with intense pressure on its supply chain from a global chip shortage.\nAdjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 9.73 billion Swedish crowns ($1.12 billion) from 3.27 billion a year ago, undershooting the 9.84 billion seen by analysts according to Refinitiv data.\nA global shortage of semiconductors just as the market roared back after last year's pandemic plunge has squeezed makers of heavy-duty trucks as well as smaller vehicles, crimping production, extending lead times and lifting costs.\nVolvo, a rival of Germany's Daimler(DAIGn.DE)and Traton(8TRA.DE), said it struggled with substantial production stoppages as a result in the second quarter.\n\"There will be further disruptions and stoppages in both truck production and other parts of the group in the second half of the year,\" Volvo Chief Executive Officer Martin Lundstedt said in a statement.\nMeanwhile, demand for heavy-duty trucks is strong with a surge in online shopping due to the pandemic driving freight volumes and rates, emboldening fleet operators to move ahead with vehicle orders put on hold after the virus first struck.\nVolvo said order bookings of its trucks, sold under brands such as Mack and Renault as well as its own name, soared 143% from a weak year-ago quarter and stood by forecasts for solid market growth in both Europe and North America this year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171735078,"gmtCreate":1626763251394,"gmtModify":1703764734467,"author":{"id":"3581331692871918","authorId":"3581331692871918","name":"beebeeyan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3581331692871918","idStr":"3581331692871918"},"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171735078","repostId":1121370539,"repostType":4,"repost":{"id":"1121370539","pubTimestamp":1626761386,"share":"https://ttm.financial/m/news/1121370539?lang=&edition=fundamental","pubTime":"2021-07-20 14:09","market":"us","language":"en","title":"Truckmaker Volvo profit just misses view as chip shortage weighs","url":"https://stock-news.laohu8.com/highlight/detail?id=1121370539","media":"Reuters","summary":"STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slig","content":"<p>STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles with intense pressure on its supply chain from a global chip shortage.</p>\n<p>Adjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 9.73 billion Swedish crowns ($1.12 billion) from 3.27 billion a year ago, undershooting the 9.84 billion seen by analysts according to Refinitiv data.</p>\n<p>A global shortage of semiconductors just as the market roared back after last year's pandemic plunge has squeezed makers of heavy-duty trucks as well as smaller vehicles, crimping production, extending lead times and lifting costs.</p>\n<p>Volvo, a rival of Germany's Daimler(DAIGn.DE)and Traton(8TRA.DE), said it struggled with substantial production stoppages as a result in the second quarter.</p>\n<p>\"There will be further disruptions and stoppages in both truck production and other parts of the group in the second half of the year,\" Volvo Chief Executive Officer Martin Lundstedt said in a statement.</p>\n<p>Meanwhile, demand for heavy-duty trucks is strong with a surge in online shopping due to the pandemic driving freight volumes and rates, emboldening fleet operators to move ahead with vehicle orders put on hold after the virus first struck.</p>\n<p>Volvo said order bookings of its trucks, sold under brands such as Mack and Renault as well as its own name, soared 143% from a weak year-ago quarter and stood by forecasts for solid market growth in both Europe and North America this year.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles ...</p>\n\n<a href=\"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLVLY":"Volvo AB"},"source_url":"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121370539","content_text":"STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles with intense pressure on its supply chain from a global chip shortage.\nAdjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 9.73 billion Swedish crowns ($1.12 billion) from 3.27 billion a year ago, undershooting the 9.84 billion seen by analysts according to Refinitiv data.\nA global shortage of semiconductors just as the market roared back after last year's pandemic plunge has squeezed makers of heavy-duty trucks as well as smaller vehicles, crimping production, extending lead times and lifting costs.\nVolvo, a rival of Germany's Daimler(DAIGn.DE)and Traton(8TRA.DE), said it struggled with substantial production stoppages as a result in the second quarter.\n\"There will be further disruptions and stoppages in both truck production and other parts of the group in the second half of the year,\" Volvo Chief Executive Officer Martin Lundstedt said in a statement.\nMeanwhile, demand for heavy-duty trucks is strong with a surge in online shopping due to the pandemic driving freight volumes and rates, emboldening fleet operators to move ahead with vehicle orders put on hold after the virus first struck.\nVolvo said order bookings of its trucks, sold under brands such as Mack and Renault as well as its own name, soared 143% from a weak year-ago quarter and stood by forecasts for solid market growth in both Europe and North America this year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171736306,"gmtCreate":1626763125605,"gmtModify":1703764731645,"author":{"id":"3579425512905776","authorId":"3579425512905776","name":"Sfun","avatar":"https://static.tigerbbs.com/677878018d08b9f3288b2153431bff4a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3579425512905776","idStr":"3579425512905776"},"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/171736306","repostId":1121370539,"repostType":4,"repost":{"id":"1121370539","pubTimestamp":1626761386,"share":"https://ttm.financial/m/news/1121370539?lang=&edition=fundamental","pubTime":"2021-07-20 14:09","market":"us","language":"en","title":"Truckmaker Volvo profit just misses view as chip shortage weighs","url":"https://stock-news.laohu8.com/highlight/detail?id=1121370539","media":"Reuters","summary":"STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slig","content":"<p>STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles with intense pressure on its supply chain from a global chip shortage.</p>\n<p>Adjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 9.73 billion Swedish crowns ($1.12 billion) from 3.27 billion a year ago, undershooting the 9.84 billion seen by analysts according to Refinitiv data.</p>\n<p>A global shortage of semiconductors just as the market roared back after last year's pandemic plunge has squeezed makers of heavy-duty trucks as well as smaller vehicles, crimping production, extending lead times and lifting costs.</p>\n<p>Volvo, a rival of Germany's Daimler(DAIGn.DE)and Traton(8TRA.DE), said it struggled with substantial production stoppages as a result in the second quarter.</p>\n<p>\"There will be further disruptions and stoppages in both truck production and other parts of the group in the second half of the year,\" Volvo Chief Executive Officer Martin Lundstedt said in a statement.</p>\n<p>Meanwhile, demand for heavy-duty trucks is strong with a surge in online shopping due to the pandemic driving freight volumes and rates, emboldening fleet operators to move ahead with vehicle orders put on hold after the virus first struck.</p>\n<p>Volvo said order bookings of its trucks, sold under brands such as Mack and Renault as well as its own name, soared 143% from a weak year-ago quarter and stood by forecasts for solid market growth in both Europe and North America this year.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Truckmaker Volvo profit just misses view as chip shortage weighs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTruckmaker Volvo profit just misses view as chip shortage weighs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-20 14:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles ...</p>\n\n<a href=\"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLVLY":"Volvo AB"},"source_url":"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121370539","content_text":"STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles with intense pressure on its supply chain from a global chip shortage.\nAdjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 9.73 billion Swedish crowns ($1.12 billion) from 3.27 billion a year ago, undershooting the 9.84 billion seen by analysts according to Refinitiv data.\nA global shortage of semiconductors just as the market roared back after last year's pandemic plunge has squeezed makers of heavy-duty trucks as well as smaller vehicles, crimping production, extending lead times and lifting costs.\nVolvo, a rival of Germany's Daimler(DAIGn.DE)and Traton(8TRA.DE), said it struggled with substantial production stoppages as a result in the second quarter.\n\"There will be further disruptions and stoppages in both truck production and other parts of the group in the second half of the year,\" Volvo Chief Executive Officer Martin Lundstedt said in a statement.\nMeanwhile, demand for heavy-duty trucks is strong with a surge in online shopping due to the pandemic driving freight volumes and rates, emboldening fleet operators to move ahead with vehicle orders put on hold after the virus first struck.\nVolvo said order bookings of its trucks, sold under brands such as Mack and Renault as well as its own name, soared 143% from a weak year-ago quarter and stood by forecasts for solid market growth in both Europe and North America this year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":171733045,"gmtCreate":1626762863387,"gmtModify":1703764728189,"author":{"id":"3581765192280157","authorId":"3581765192280157","name":"DandanC","avatar":"https://static.tigerbbs.com/e2a11bfd02ad81137e21e534e8a35232","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581765192280157","idStr":"3581765192280157"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/171733045","repostId":1121370539,"repostType":4,"repost":{"id":"1121370539","pubTimestamp":1626761386,"share":"https://ttm.financial/m/news/1121370539?lang=&edition=fundamental","pubTime":"2021-07-20 14:09","market":"us","language":"en","title":"Truckmaker Volvo profit just misses view as chip shortage weighs","url":"https://stock-news.laohu8.com/highlight/detail?id=1121370539","media":"Reuters","summary":"STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slig","content":"<p>STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles with intense pressure on its supply chain from a global chip shortage.</p>\n<p>Adjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 9.73 billion Swedish crowns ($1.12 billion) from 3.27 billion a year ago, undershooting the 9.84 billion seen by analysts according to Refinitiv data.</p>\n<p>A global shortage of semiconductors just as the market roared back after last year's pandemic plunge has squeezed makers of heavy-duty trucks as well as smaller vehicles, crimping production, extending lead times and lifting costs.</p>\n<p>Volvo, a rival of Germany's Daimler(DAIGn.DE)and Traton(8TRA.DE), said it struggled with substantial production stoppages as a result in the second quarter.</p>\n<p>\"There will be further disruptions and stoppages in both truck production and other parts of the group in the second half of the year,\" Volvo Chief Executive Officer Martin Lundstedt said in a statement.</p>\n<p>Meanwhile, demand for heavy-duty trucks is strong with a surge in online shopping due to the pandemic driving freight volumes and rates, emboldening fleet operators to move ahead with vehicle orders put on hold after the virus first struck.</p>\n<p>Volvo said order bookings of its trucks, sold under brands such as Mack and Renault as well as its own name, soared 143% from a weak year-ago quarter and stood by forecasts for solid market growth in both Europe and North America this year.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles ...</p>\n\n<a href=\"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VLVLY":"Volvo AB"},"source_url":"https://www.reuters.com/business/autos-transportation/truckmaker-volvo-profit-just-misses-view-chip-shortage-weighs-2021-07-20/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121370539","content_text":"STOCKHOLM, July 20 (Reuters) - Sweden's AB Volvo(VOLVb.ST)reported second-quarter core earnings slightly below market expectations on Tuesday as the truckmaker juggled strong demand for its vehicles with intense pressure on its supply chain from a global chip shortage.\nAdjusted operating profit at the maker of trucks, construction equipment, buses and engines rose to 9.73 billion Swedish crowns ($1.12 billion) from 3.27 billion a year ago, undershooting the 9.84 billion seen by analysts according to Refinitiv data.\nA global shortage of semiconductors just as the market roared back after last year's pandemic plunge has squeezed makers of heavy-duty trucks as well as smaller vehicles, crimping production, extending lead times and lifting costs.\nVolvo, a rival of Germany's Daimler(DAIGn.DE)and Traton(8TRA.DE), said it struggled with substantial production stoppages as a result in the second quarter.\n\"There will be further disruptions and stoppages in both truck production and other parts of the group in the second half of the year,\" Volvo Chief Executive Officer Martin Lundstedt said in a statement.\nMeanwhile, demand for heavy-duty trucks is strong with a surge in online shopping due to the pandemic driving freight volumes and rates, emboldening fleet operators to move ahead with vehicle orders put on hold after the virus first struck.\nVolvo said order bookings of its trucks, sold under brands such as Mack and Renault as well as its own name, soared 143% from a weak year-ago quarter and stood by forecasts for solid market growth in both Europe and North America this year.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5270610,"gmtCreate":1626765491037,"gmtModify":1663231204126,"authorId":3580115316362183,"author":{"id":3580115316362183,"idStr":"3580115316362183","authorId":3580115316362183,"name":"RainbowMouse","avatar":"https://static.tigerbbs.com/40f6eca7c9c245322562c67c707813d1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171733045,"type":1,"supId":0,"prevId":0,"content":"sure <u>done</u>","text":"sure <u>done</u>","html":"sure <u>done</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":77,"commentSize":15,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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