Daimler has said that it sees evidence that the US freight truck market has bottomed.
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However, the head of Daimler’s truck division told Reuters that he remains cautious about the pace of any recovery.
Daimler AG board member Andreas Renschler also said the company could be profitable at current sales levels, which reflected a downturn he called longer and deeper than ever before.
He said that there are improved order levels in the US suggesting a higher market is coming.
“There is a glimmer of hope here in the US that we are slowly headed for a recovery, but it remains to be seen whether this is sustainable,” Renschler told reporters.
