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Analysis
30th October 2003, Page 49
30th October 2003
Page 49
Page 49, 30th October 2003
— Analysis
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As we reported last week, then was a definite air of optimism the truck manufacturers star despite low truck sales and p economic performance in mi European countries.
We sense that the decline i market which started two yeE ago has forced the man ufact to address their operations, c costs and improve eff icienci( This time last year, at the IAA in Hanover, the truck manufa ers were still going through if difficult times. with the resulte gloomy predictions and face Now many of their troubles have evidently been surmoui engendering that air of conk in most quarters. Only at Ivec did we sense concern, thouc the arrival of the new CEO se to have had a bigger impact changing market conditions.