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Daimler Forecasts Continued Strong Truck Demand for 2011

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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.

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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)
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Emil Estafanous, CPA, CFF, CGMA