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Scania cuts production after orders fall
Page 7
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By Roanna Avison and Dylan Gray SCAN1A HAS BECOME the third truck-maker in a matter of weeks to unveil plans to cut production in Europe.
After months of long lead times, Volvo, Daf and now Scania are feeling the pinch as operators cut back their vehicle purchasing in light of the credit crunch.
Scania has revealed truck orders plummeted by 41% globally in the third quarter to 30 September. In western Europe, orders fell by 69%, while in central and eastern Europe, the figure was 45%. Leif Ostling, Scania president and CEO, says: "Due to low order bookings and higher truck inventories, Scania will now adjust production rates accordingly."
Jobs will be lost among Scania staff on temporary contracts (about 20% of the workforce).
Meanwhile, Paccar, parent firm to Daf, will be reducing the build rate for Daf trucks in October.
Daf Trucks president Aad Goudriaan says: "The European economy and truck markets are now slowing.
-As a result of the slowdown in customer demand, Daf will reduce
its build rate during October, and anticipates the 2009 commercial vehicle market will reflect the slower economy" He adds that European truck sales in 2009 are hard to predict because of the uncertain economic conditions, but they could be 260,000-300,000 units.
Finally, Volvo Trucks, which revealed its intention to cut production at the start of October (Volvo cuts production and sheds jobs', CM 9 October), saw net order intake in the third quarter amount to 115 trucks, compared to 4,970 in the same quarter in 2007.