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 â€œsignificantâ€� 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 Daimlerâ€™s commercial-vehicles division.
Daimler â€” the parent company of Daimler Trucks North America, which makes Freightliner and Western Star trucks â€” forecasts industrywide North American heavy-truck demand will climb 20% to 25% this year, while Europeâ€™s market may grow 15% to 20%, Bloomberg reported.
The manufacturer may raise its projections further, as long as current â€œpositiveâ€� trends continue, Renschler said, Bloomberg reported.
Daimlerâ€™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 weekâ€™s earthquake, Bloomberg reported.
The Kawasaki, Japan-based unit, which makes the Canter light commercial vehicle, accounted for 40% of Daimlerâ€™s 355,300 truck sales last year.
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