Financial Tsunami Sends Waves Around The World
Posted on October 25, 2008 at 14:00 PM EDT
One of the most jaw-dropping news items I saw this week was the announcement by Volvo, the world’s second largest truckmaker, that it had ”won just 115 European orders in the third quarter, down from 41,970 a year earlier,” according to a Bloomberg report, ”Volvo, Scania Miss Profit Estimates, Cut Truck Output.” In my mind, that extraordinary ...