Daimler Trucks has forecast a weak first quarter due to falling orders in Europe and the US with improvement expected only in the second half, division chief Andreas Renschler said.
His comments are similar to those made by Daimler colleague and Mercedes-Benz Cars chief Dieter Zetsche at the Geneva show earlier this month.
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But Renschler added the goal of an 8% operating margin originally targeted for 2013 would be delayed by no more than a year.
“It should be achievable in 2014 at the latest,” he told Reuters at Daimler Truck’s annual press conference in its main manufacturing plant in Woerth.
Registrations of new, heavy duty commercial trucks sank 9.4% in the European Union in 2012 following big falls in Italy and Spain.
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