Volvo, the world’s second-largest truckmaker, would welcome a slowdown in the Chinese economy and other emerging markets amid concerns over possible over-heating, according to the Swedish company’s chief executive.
Leif Johansson said Volvo would have preferred “a little less growth” in large developing countries during the second quarter, when sales grew 89 per cent in South America and 75 per cent in Asia, compared with last year.
“In one way, it would be good to slow down the almost booming growth we’ve had in Brazil and China,” he told the Financial Times. “We would rather have more sustainable growth over a longer period of time.”
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