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Crisis prevents the truck manufacturing

2012-08-24

Manufacturers of trucks Man Trucks & Bus, Scania, Daimler suffering losses due to the crisis. Despite the fact that the massive advertising campaign allowed Man Trucks & Bus to attract attention, the financial results of the company deteriorated. For the first half 2012 net profit fell by 95% compared to the same period last year (40 million euros against 854 million euros last year).

In the first six months of this year Scania also registered decline in net turnover, however, only 10% (by 4.6 milliard euros). The company is quite optimistic plans for the second half.

In the first half of 2012 Daimler, owner of Mercedes Trucks, truck sales increased by 34%, but at the same time, the company's net profit fell by 11%. Given the growth in sales of trucks Mercedes, the company still expects to increase its turnover by the end of 2012.

But the economic situation is not equally affected by the various manufacturers. In particular, Volvo and Paccar in the first half of 2012 recorded an increase of profits.

In the second quarter 2012 earnings Paccar, owner and Daf Kenworth, increased by 24% compared to the same period last year. The year started well for Volvo: the second quarter the company managed to increase its turnover by 6% compared to the same period last year.