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* Europe - New rules for trucks
* Sweden / Germany - Report: New emission rules cloud European truck recovery
Stockholm/Sweden and Frankfurt/Germany -Reuters, by Niklas Pollard and Christiaan Hetzner and Irene Preisinger in Munich / Clara Ferreira-Marques in London; Editing by David Cowell -Aug 1, 2013: -- A likely rush by haulage operators to upgrade fleets before new emission rules take effect is posing problems for investors assessing the real strength of a nascent European truck sector recovery... A short-lived boost will distort production schedules for recession-hit European truck makers still well short of peak sales levels hit in the years before the 2008 financial crash... And a return to modest demand after the introduction at year-end of the Euro VI emissions regime could pressure the stocks of major European manufacturers that have racked up double digit percentage gains over the past year, underpinned by expectations of a rebound in the 50 billion euros ($66 billion) market... DNB Markets said in a recent research note on world number two manufacturer Volvo that while its numbers for the second quarter looked good, it was increasingly concerned about demand in Europe falling off in 2014 after Euro VI comes in... Evidence from truck buyers also points to a growing appetite for purchases of Euro V trucks before the switch to new models, which could cost an extra 10,000 euros and which cash-strapped EU governments will not be able to subsidise as in previous changeovers...
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