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Economic Watch: Existing Home Sales Spike in March

Existing-home sales in the U.S. jumped in March to their highest annual rate in 18 months, according to the National Association of Realtors on Wednesday. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace.

Persson Out, Scania’s Lundstedt in as Volvo Group’s Chief

Martin Lundstedt.  Photo: Sven-Erik Lindstrand

AB Volvo’s board of directors has named a Scania executive, Martin Lundstedt, as the president and chief executive officer of the Volvo Group, replacing Olof Persson, who has led the group for almost four years but is out immediately. Volvo Group is the corporate parent of Volvo Trucks and Mack Trucks in North America.

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