Daimler Forecasts Continued Growth in Truck Market, FTD Reports

Daimler AG (DAI) forecasts that the global truck market will continue to expand this year, Financial Times Deutschland said in a preview of a story that will run tomorrow, citing Andreas Renschler, head of Daimler’s trucks unit.

While “growth will slow slightly, it will still be upward,” the German newspaper said today, citing an interview with Renschler. In the U.S., the truck market is likely to grow between 30 and 35 percent this year and continue expanding in 2012, he told the newspaper. The market in Europe as a whole will probably triple this year, FTD cited Renschler as saying.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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