Scania cuts output by 15 pct as slowdown bites

Newswire

STOCKHOLM, Dec 20 (Reuters) - Swedish truckmaker Scania said on Tuesday it sees demand slowing further in various markets and will from January lower its production rate by around 15 percent in Europe and Latin America. "The slowdown in Europe and the Middle East has continued. Meanwhile we are also seeing a lower rate of order bookings from other markets," Scania said in a statement. "In Brazil there is uncertainty about the market trend during the first half of 2012 in light of the ...

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