MAN Sees Tough 2013 as Truck Orders Slump on European Crisis
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MAN SE, the truckmaker controlled by Volkswagen AG, said next year will be even tougher than 2012 as orders in the third quarter slumped more than normal.
The decline in third-quarter business was stronger than seasonal patterns, Chief Financial Officer Frank Lutz said today at an analyst meeting in Nuremberg. Stefan Straub, a spokesman for the Munich-based company, confirmed the comments.