European commercial vehicle manufacturers are cautiously optimistic with regard to production and sales in 2010 and 2011.
“We will see better sales and earnings this year than in 2009. The recovery in demand that we saw in Asia and South America at the end of last year is now becoming more and more visible also in Europe,” said Leif Johansson, Chairman of the Commercial Vehicle Board of ACEA and President and CEO of Volvo Group, speaking to reporters during the ACEA press conference at the IAA in Hanover.
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In Europe, recovery from the deep crisis levels 2009 is slow, but the upturn seems relatively broad based, ACEA said.
“The crisis has certainly reinforced the need to put a comprehensive industrial policy and a supportive policy environment higher on the agenda of European policy makers,” said Johansson.
“Europe has a strong R&D and manufacturing base – our commercial vehicle industry is a good example – and the EU institutions must make efforts to strengthen its industries in order to ensure future economic growth and prosperity.”
