简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:German commercial vehicle maker Traton’s MAN unit plans to raise the prices of its trucks as expensive energy and raw materials ramp up costs but demand remains high, media group Funke reported on Thursday.
Market leader Daimler Truck is also passing high costs, exacerbated by the war in Ukraine, to customers.
“Trucks are sold out for the current year,” MAN Chief Executive Alexander Vlaskamp told Funke in an interview, adding that demand for next year is also very high as customers need to renew their fleets after pandemic-related cost cutting.
MAN‘s sales had plummeted by as much as 30% and the average age of a customer’s fleet rose to 13.2 years from 11.8 years during the pandemic, he said, adding the companys maintenance unit was operating at full capacity as well.
As a result, the truck and bus manufacturer does not yet see the threat of a recession even as the mood in the European economy is slowly deteriorating, Vlaskamp added.
On Wednesday, MAN announced it would build a factory for heavy-duty truck batteries in the southern German city of Nuremberg.
The factory would meet the demand for around 30,000 e-trucks, around one-third of MANs planned e-truck sales, by 2030, Vlaskamp told Funke.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The crime branch of the Mumbai Police has nabbed a racket involved in duping people by claiming to convert black paper into dollars. Check this unique 24.7-lakh scam story.
Cabana Capital has changed its name and logo, basically everything about its identity. This seems a bit suspicious, and it's something you should definitely be concerned about. In this article, you’ll learn about the red flags that every trader needs to watch out for.
CME International recorded a record surge in its foreign exchange trading volumes during the second quarter. Check out its performance across products and markets.
If you are into forex trading, you need to protect your money from investment scams. Many scam brokers are active in the market now. The FCA, a reputed financial regulator, has issued a list of unlicensed brokers you need to stay away from.