sales in Western Europe this year will fall by about 15 percent
to between 190,000 and 200,000 trucks and demand next year isn't
likely to increase, according to Bloomberg News.
at Europe's fourth-largest truck maker, Scandia, and rivals Volvo
AB and DaimlerChrysler AG's Mercedes-Benz division have taken
a nose dive in Western Europe and South America. Sodertalje, Sweden-based
Scania has cut 2,150 jobs, or about 8 percent of its workforce,
since markets began shrinking in late 2000. It has also closed
plants in Denmark and the Netherlands.
Scandia's chief executive, reportedly told analysts and investors
at Scania headquarters he believes the possibility of a war in Iraq
is depressing demand.