DaimlerChrysler: U.S. Truck Manufacturing Boom to Continue into 2007
According to the Reuters news agency, DaimlerChrysler expects a truck boom in the key U.S. market to continue until at least 2007
According to the Reuters news agency, DaimlerChrysler expects a truck boom in the key U.S. market to continue until at least 2007.
Andreas Renschler, the head of DaimlerChrysler’s commercial vehicles business, told reporters in Berlin this week that the group's U.S.-based Freightliner truck business forecasts strong demand will continue and might not even slow down in 2007.
However, Renschler added, "there is a possibility that the U.S. market will not be as strong in 2007 as it is now."
Renschler said he thought U.S. sales growth around 5% this year was possible.
Amid a global truck boom, the commercial vehicles division boosted first-quarter operating profit 166% to 714 million euros ($871 million) including a 276 million euro settlement from Mitsubishi Motors Corp. over faulty trucks. Revenue rose 29%.
It has forecast unit sales will grow in 2005 thanks to strong demand for Freightliner heavy-duty trucks in North America and for Mercedes-Benz trucks in Europe and Latin America.
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