India, Oct. 18 -- Volvo Group (VOLVY.PK) reported that its net income attributable to owners of the company for the third-quarter was 7.455 billion Swedish kronor or 3.67 kronor per share compared to 7.459 billion Swedish kronor or 3.67 kronor per share in the prior year.
".... demand for new vehicles is declining and we are facing a period of tougher market conditions," said Martin Lundstedt, President and CEO.
Separately, Volvo said it will create the new business area, Volvo Autonomous Solutions, to accelerate the development, commercialization and sales of autonomous transport solutions.
The autonomous transport solutions will constitute a new business area as of January 1, 2020. Its financial results will be reported as part of the ...