No Big Change In European Market This Year, Execs Say
February 3, 2000
Truck manufacturing executives at the RAI European Road Transport Show in Amsterdam predict that the western European market will remain at 1999 levels this year, or possibly drop a bit.
Underlying demand is strong, investment is running high, and the transport business is buoyant, Volvo Truck Corp. President and CEO Karl-Erling Trogen told Reuters news service. Iveco VP Franco Fenoglio said they also believe the market will remain stable.
Dieter Zetsche, head of DaimlerChrysler's commercial vehicles division, said they expect a slight downturn.