Volvo posts loss of 285 million euros

October 23, 2009 07:14:59 PM

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The world's second-biggest truck maker Volvo Group said on Friday that its net loss of 2.92 billion kronor (285 million euros, 429 million dollars) in the third quarter was less than expected.

"There are some positive signs indicating that the decline in demand has bottomed out and that we are now beginning a gradual recovery," the company said.