Scania sees price hikes due to raw material costs

Newswire

HANOVER, Germany, Sept 22 (Reuters) - Swedish truck maker Scania will continue to raise truck prices due to increasing raw material costs, chief executive Leif Ostling said on Wednesday. "We have introduced price increases and we will continue to introduce price increases in the market," he said at a conference. He added that he saw oil prices remaining high and raw material prices at elevated levels for four to five years before starting to decline.

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