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The group says demand improved in North America, western Europe and Japan and that its new heavy-duty trucks continued to be competitive, having "advanced" their position in the market with increased deliveries.
Global stocks tumbled Friday after tensions over Ukraine mounted and Standard & Poor's cut Russia's credit rating, warning of capital flight and risks to investment due to the crisis.
Oil declined but stayed above $101 per barrel amid worries about the possible impact on Russian supplies.
S&P said it took the step because the tense situation "could see additional significant outflows of both domestic and foreign capital from the Russian economy."
 relief was mixed with concern about higher U.
Royal KPN NV, the Dutch telecommunications company partly owned by Mexican billionaire Carlos Slim, nearly slumped to a first-quarter loss following a slide in its mobile services business and a shrinking market for business customers in the Netherlands.
KPN is in a state of flux at the moment as it tries to sell its German mobile telephone service arm E-Plus to Spain's Telefonica for approximately 8.6 billion euros in a deal that is receiving close scrutiny from European regulators.
The Telefonica-E-Plus merger would create Germany's largest mobile operator by subscriber numbers, but would likely be less profitable than rivals Deutsche Telekom and Vodafone.
Good morning! Markets are lower. The big story is the ongoing tension in Ukraine, as John Kerry warned last night that Russia was close to having additional sanctions imposed on it. Also, Ukraine says more Russian troops are being massed on its border. German stocks are off 0.85%. Russian stocks are down 1%, after falling yesterday.