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TRUCKMAKERS' NEWS * Germany - Daimler profit drops 32% as trucks, Chrysler weigh
London,UK -MarketWatch (CAL,USA), by Steve Goldstein -April 29, 2008: -- Daimler's first-quarter profit dropped 32%, hurt by a poor performance from its truck-making unit, the residual pain from its remaining Chrysler stake and the year-earlier sale of part of its stake in the owner of Airbus, financial results showed Tuesday... Daimler said profit fell to 1.33 billion euros ($2.07 billion) from 1.97 billion euros during the year-earlier quarter... Revenue rose to 23.5 billion euros from 23.4 billion euros, or up 4% on a comparable basis... Earnings before interest and tax dropped 40% to 1.98 billion euros, when during the year-earlier quarter it made 1.56 billion euros as a result of disposing part of its stake in EADS, the parent of European aerospace giant Airbus... Daimler said it expected moderate growth in the European commercial vehicles market this year... Rival truckmakers Volvo, MAN and Scania have seen demand in Europe come off last year's high levels but have full order books...
* Germany - MAN first quarter profit rises 41%
Germany -Automotive World (London,UK), by Michael Murphy -28 April, 2008: -- MAN continues its growth in the first quarter of 2008, with strong gains in the Polish and Russian truck markets... MAN announced on 25 April that its first quarter profit rose 41%, according to a Bloomberg News report...
* Sweden - Volvo Group posts 12% rise in net income in Q1 of 2008
Stockholm,Sweden -Automotive World (London,UK), by David Isaiah -25 April, 2008: -- The Volvo Group has reported a 12% increase in its net income in the first quarter of CY2008, rising to SEK 4.21bn (US$703.66m), compared with SEK 3.75bn in the corresponding period of the previous year...
Labels: truckmakers' news worldwide
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