• DaimlerChrysler takes dim view of 2003 truck market

    German truck builder DaimlerChrysler AG doesn’t foresee improvement during 2003 in the market for heavy-duty trucks or other commercial vehicles, according
    German truck builder DaimlerChrysler AG doesn’t foresee improvement during 2003 in the market for heavy-duty trucks or other commercial vehicles, according to Bloomberg News.

    In 2002, DaimlerChrysler’s commercial vehicle sales decreased 4.5% in Western Europe, contributing to a $365-million loss during the year. The company anticipates sales will fall even further in 2003, Bloomberg reported.

    A producer of trucks through its Freightliner, Mercedes-Benz, Mitsubishi, and Hyundai subsidiaries, DaimlerChrysler is examining ways to reduce costs, such as sharing parts across its brands, Bloomberg said. The manufacturer also said it still seeks a partner to assist its expansion into China’s truck market.

    About the Author

    staff and wire reports

    Sign up for our free eNewsletters

    Voice Your Opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!