![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCKMAKERS NEWS * Europe: MAN's
* Germany - MAN SE cuts 2014 profit forecast on Europe, Brazil sales
Munich,Germany -Bloomberg, by Elisabeth Behrmann -Oct 28, 2014: -- MAN SE, Europe’s third-largest truck manufacturer, scaled back its 2014 earnings forecast as slowing economies in its home region and Brazil hurt sales and led to a 48 percent drop in third-quarter operating profit... Earnings before interest and taxes will be “moderately” higher this year, Munich-based MAN said today in a statement. That compares with predictions in March of “significantly” rising operating profit. Third-quarter earnings on that basis fell to 82 million euros ($104.2 million) from 159 million euros a year earlier, while the value of new orders dropped 20 percent... MAN, a division of Volkswagen AG, lowered full-year targets last month at its truck and bus unit, and outlined production cuts that will reduce hours for 4,000 workers. Daimler AG, the world’s biggest heavy-vehicle maker and the owner of the Freightliner brand in the U.S.A., forecast steepening industrywide drops in European and Brazilian truck sales. Second-ranked Volvo AB is also predicting a Europewide decline...
Labels: truckmakers news Europe
posted by Unknown @ 7:16 PM
0 Comments:
Post a Comment
<< Home