Skip to content

Daimler Forecasts Continued Strong Truck Demand for 2011

Click Here!

3/18/2011 10:15:00 AM

Daimler AG booked more truck orders than anticipated in the first two months of this year, underscoring its forecast of “significant� market growth in 2011, Bloomberg reported Friday.

Its truck sales in January and February rose 28%, while orders from Europe and North America exceeded growth expectations, said Andreas Renschler, head of Daimler’s commercial-vehicles division.

Daimler — the parent company of Daimler Trucks North America, which makes Freightliner and Western Star trucks — forecasts industrywide North American heavy-truck demand will climb 20% to 25% this year, while Europe’s market may grow 15% to 20%, Bloomberg reported.

The manufacturer may raise its projections further, as long as current “positive� trends continue, Renschler said, Bloomberg reported.

Daimler’s Mitsubishi Fuso Truck and Bus division in Japan plans to resume operations March 23 after shutting factories and setting up a temporary headquarters in Osaka following last week’s earthquake, Bloomberg reported.

The Kawasaki, Japan-based unit, which makes the Canter light commercial vehicle, accounted for 40% of Daimler’s 355,300 truck sales last year.

Click Here!

© 2010, Transport Topics Publishing Group. All rights reserved.


February Truck Sales Surge 30% (3/21/2011 4:00:00 AM)
Daimler Forecasts Continued Strong Truck Demand for 2011 (3/18/2011 10:15:00 AM)
Supply Chains May Not Be Disrupted by Japan Turmoil, U.S. Truck Makers Say (3/18/2011 3:00:00 AM)
January Truck Sales Jump 25%, Fueling Optimism in Industry (2/21/2011 3:45:00 AM)
Recent Surge in Orders for New Trucks Expected to Slow in 2011, Experts Say (2/21/2011 2:15:00 AM)
Daimler Plans Indian Truck Brand (2/17/2011 10:20:00 AM)

Click Here!

I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.
Tax, Accounting, Consulting - Emil Estafanous, CPA, CFF, CGMA