According to the Wall Street Journal, Volvo cut its 2016 expectations for the North American truck market from 280,000 to 260,000 in response to lower Q4/15 profit.

Order intake for Volvo brand trucks fell by 20% in North America in Q4/15, the Journal reported.

The Journal noted that Volvo reported a net profit of 2.60 billion kronor ($310 million) in Q4/15, which missed analyst expectations of 3.23 billion kronor ($380 million).