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156 
WHILE THE TRUCK-making industry battens down the hatches, ready for
20th November 2008, Page 7
20th November 2008
Page 7
Page 7, 20th November 2008
— WHILE THE TRUCK-making industry battens down the hatches, ready for
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a rough ride in 2009, Daimler is confident the MercedesBenz brand is well-placed to survive the downturn.
Despite reports that the group's luxury car division is facing the possibility of job cuts and working time reductions, Dr Joerg chief of truck engineering, claims the truck side can weather a 30% fluctuation in demand with no lay-offs of permanent staff. The expected major decline in truck sales in Europe and the US, which has been caused by the current global financial situation, will be countered by a sharp rise in demand from the socalled BR IC markets— Brazil (pictured), Russia, India and China.
arn says: "Trucks will remain the backbone of the global economy".
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