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STIMULUS FUNDS * Europe - ACEA calls on EU to push economic recovery
Brussels,Belgium -HGV (Ireland) -5 June 2009: -- The European Automobile Manufactures' Association (ACEA) has called on the European Union and Member States to push economic recovery by investing in the infrastructure of the future, restoring broad access to financing, ensuring a supportive regulatory framework and stimulating vehicle fleet renewal... The financial and economic crisis has triggered a marked drop in transport activity and subsequent sharp decline in demand for commercial vehicles, Leif Östling, CEO of Scania and chairman of the ACEA commercial vehicle manufacturers board, explained... Order intake for heavy trucks stalled at 10,000 in the first quarter of 2009, compared to 100,000 a year ago. Adapting to the crisis, manufacturers expect commercial vehicle production to at least halve this year, putting great pressure on employment levels both at vehicle manufacturers and their suppliers... (Picture from aussiebigbangers, by David Hecker: "Iveco and KW... waiting outside the depot for our trailers to start our night runs.")Labels: governments stimulus funds
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