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Markets - Germany - Competitors See European Truck Market Stagnating on Oil
Germany -Bloomberg, by Jeremy van Loon/NY,USA -Oct. 13, 2005: -- MAN AG, Scania AB and European competitors expect demand for new commercial vehicles to stagnate in the region next year as fuel prices remain near an all-time high, leading to losses and bankruptcies for truck buyers, executives said... To counter the lack of growth in Europe, truckmakers are expanding into eastern Europe, Asia and the Middle East where demand is growing faster. MAN plans a ``simpler'' model for both Eastern Europe and Asia. Stuttgart, Germany-based DaimlerChrysler is sharing parts among its Mercedes-Benz, Freightliner and Mitsubishi-Fuso brands to lower costs...
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