Post Tagged with: "heavy truck sales"

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DAF Trucks increased its market share in the EU in 2012

DAF Trucks increased its market share in the EU in 2012

DAF Trucks has strengthened its position on the European truck market last year, reaching a record market share of 16 percent in the heavy segment (16 tons+). This makes DAF the second largest heavy truck brand in the EU, behind Mercedes-Benz. Moreover, DAF is leading the market in the heavy […]

MAN Slows Investments, Focuses On Reducing Spending

MAN Slows Investments, Focuses On Reducing Spending

MAN plans to slow investments this year and focus on reducing spending on parts, as the European crisis makes earnings fall faster than sales. Chief Executive Officer Georg Pachta-Reyhofen said today, February 8th, that truck market in Europe will most likely remain ‘significantly below’ the recent peak of almost 400,000 […]

Scania Reports Profit Down, But Orders Increase

Scania Reports Profit Down, But Orders Increase

Although truck maker Scania reported a declined second quarter net profit, its order bookings improved. Swedish truck maker Scania reported a decreased second quarter net profit of 1.9 billion kroner (227 million euro), down 42% from the same period last year, due to lower sales and overcapacity in the European […]

IVECO to close 5 plants in Europe by end of year

IVECO to close 5 plants in Europe by end of year

Italian truck maker Iveco will close five truck plants in three European countries by the end of 2012 as it consolidates its manufacturing base to become more competitive in a region where demand for heavy vehicles has dropped as a result of the crisis. According to Fiat director Alfredo Altavilla, […]

MAN profit flat due to EU low demand

MAN profit flat due to EU low demand

The german truckmaker MAN reported an almost unchanged third-quarter revenues, due to weak demand on the European markets. Compared to 2010, profit before interest and taxation fell to €321 million, from €324 million in Q3 2010 and below the analysts expectations of €347 million. Although the Q3 production was significantly […]

China auto sales up due to subsidy change

China auto sales up due to subsidy change

Despite the fact that the number of vehicles sold in September in China registered a rise of 5.5 percent versus previous year figures, the overall trend is far away from the high expectations created by the results from previous years. From the data supplied by China Association of Automobile Manufacturers […]