MAN, Daimler Seek 2010 Truck Growth in Brazil, Russia
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MAN SE, Europe’s third-biggest truckmaker, said it will raise full-year forecasts next month and Daimler AG, the world’s biggest, said profit will recover because of growth in emerging markets such as Brazil and Russia.
MAN will increase its return-on-sales target when third-quarter earnings figures are released in October, Chief Financial Officer Frank Lutz said at a press briefing in Hanover, Germany. Daimler said its truck division will probably achieve an earnings before interest and taxes target of about 1 billion euros ($1.3 billion), rebounding from a loss in 2009.