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Jul 30, 2014

TRUCKMAKERS NEWS * Germany: MAN's -

* Germany - MAN's Q2 Russia truck orders slump over Ukraine crisis

Munich, Germany -Reuters -Jul 30, 2014: -- German truck maker MAN SE said on Wednesday its Russian orders plunged by as much as a quarter between April and June over the Ukraine crisis... Demand from unnerved Russian customers tumbled between 20 percent and 25 percent in the second quarter, Anders Nielsen, head of MAN's truck and bus division told a news conference when outlining the company's quarterly results... Repercussions of sanctions against Russia and the devaluation of the rouble are a smaller concern to MAN, Chief Executive Georg Pachta-Reyhofen said a day after the European Union and the United States announced further measures against Russia... MAN, which is owned by German carmaker Volkswagen and also makes diesel engines and turbines, generates about five percent of its sales in Russia...

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