Volvo CEO Leif Johansson gestures during a news conference Friday Oct. 23, 2009 in Stockholm. Swedish truck maker AB Volvo on Friday reported a third-quarter net loss of 2.9 billion kronor ($423 million), due to a steep drop in sales in Europe and the U.S. , but said demand was stabilizing, particularly in Asia. AP Photo logo AP Photo 1 month ago

Volvo CEO Leif Johansson gestures during a news conference Friday Oct. 23, 2009 in Stockholm. Swedish truck maker AB Volvo on Friday reported a third-quarter net loss of 2.9 billion kronor ($423 million), due to a steep drop in sales in Europe and the U.S. , but said demand was stabilizing, particularly in Asia.

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  1. Volvo CEO Leif Johansson listens during a news conference October 23, 2009 in Stockholm. World number two truckmaker Volvo made a smaller third-quarter loss than expected, easing fears it would need more cash from investors, but it still expects sharp declines in its main markets.
  2. Volvo CEO Leif Johansson gestures during a news conference October 23, 2009 in Stockholm. World number two truckmaker Volvo made a smaller third-quarter loss than expected, easing fears it would need more cash from investors, but it still expects sharp declines in its main markets.
  3. Volvo Chief Executive Leif Johansson gestures during a news conference in Stockholm October 23, 2009. World number two truckmaker Volvo made a smaller third-quarter loss than expected, easing fears it would need more cash from investors, but it still expects sharp declines in its main markets.
  4. Volvo Chief Executive Leif Johansson gestures during a news conference in Stockholm October 23, 2009. World number two truckmaker Volvo made a smaller third-quarter loss than expected, easing fears it would need more cash from investors, but it still expects sharp declines in its main markets.
  5. Volvo CEO Leif Johansson gestures during a news conference Friday Oct. 23, 2009 in Stockholm. Swedish truck maker AB Volvo on Friday reported a third-quarter net loss of 2.9 billion kronor ($423 million), due to a steep drop in sales in Europe and the U.S., but said demand was stabilizing, particularly in Asia.
  6. Volvo CEO Leif Johansson gestures during a news conference Friday Oct. 23, 2009 in Stockholm. Swedish truck maker AB Volvo on Friday reported a third-quarter net loss of 2.9 billion kronor ($423 million), due to a steep drop in sales in Europe and the U.S., but said demand was stabilizing, particularly in Asia.
  7. Geely chairmn Li Shufu attends a business event in Shanghai October 30, 2009. The parent company of Geely Automobile is confident on a bid for Ford Motor's Volvo car unit, which it is discussing as the head of a consortium that includes both domestic and foreign banks, chairman Li Shufu told Reuters.
  8. Geely chairmn Li Shufu attends a business event in Shanghai October 30, 2009. The parent company of Geely Automobile is confident on a bid for Ford Motor's Volvo car unit, which it is discussing as the head of a consortium that includes both domestic and foreign banks, chairman Li Shufu told Reuters.
  9. Volvo CEO Leif Johansson listens during a news conference October 23, 2009 in Stockholm. World number two truckmaker Volvo made a smaller third-quarter loss than expected, easing fears it would need more cash from investors, but it still expects sharp declines in its main markets.
  10. Volvo CEO Leif Johansson gestures during a news conference October 23, 2009 in Stockholm. World number two truckmaker Volvo made a smaller third-quarter loss than expected, easing fears it would need more cash from investors, but it still expects sharp declines in its main markets.
  11. Volvo Chief Executive Leif Johansson gestures during a news conference in Stockholm October 23, 2009. World number two truckmaker Volvo made a smaller third-quarter loss than expected, easing fears it would need more cash from investors, but it still expects sharp declines in its main markets.
  12. Volvo Chief Executive Leif Johansson gestures during a news conference in Stockholm October 23, 2009. World number two truckmaker Volvo made a smaller third-quarter loss than expected, easing fears it would need more cash from investors, but it still expects sharp declines in its main markets.
  13. Volvo CEO Leif Johansson gestures during a news conference Friday Oct. 23, 2009 in Stockholm. Swedish truck maker AB Volvo on Friday reported a third-quarter net loss of 2.9 billion kronor ($423 million), due to a steep drop in sales in Europe and the U.S., but said demand was stabilizing, particularly in Asia.
  14. Volvo CEO Leif Johansson gestures during a news conference Friday Oct. 23, 2009 in Stockholm. Swedish truck maker AB Volvo on Friday reported a third-quarter net loss of 2.9 billion kronor ($423 million), due to a steep drop in sales in Europe and the U.S., but said demand was stabilizing, particularly in Asia.

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