German truckmakers report drop in 2024 sales on weak European demand

Quick Summary:

:German truckmakers Daimler Truck and Traton reported on Tuesday declining 2024 sales mainly due to tepid demand in Europe, in particular in their home country Germany.

Both companies will release the full annual financial reports in mid-March.

Traton flagged lower quarterly margins in its key units Scania and MAN at a fourth-quarter pre-close call due to prolonged weakness in the European market.

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Article Details

Category: EconomyBusiness

Markets: SingaporeGermany

Topics: 2024 Units Annual Cent Truck Sales Traton Germany Europe Biggest Daimler

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 17:52:02 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 334 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25154161

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