INTERVIEW-Credit crisis to hurt Europe truck market -Iveco

Newswire

HANOVER, Germany, Sept 23 (Reuters) - The head of Fiat's truck unit Iveco expects the western European truck market to decline next year as a liquidity shortage pushes consumers to delay truck purchases. Speaking to Reuters during the IAA truck show in Hanover, Iveco Chief Executive Paolo Monferino said his company was forecasting a 5-10 percent drop. "The real issue is the credit lines are declining and are a lot less available and this is limiting the business," he explained. "The ...

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