Although the four major multinational commercial vehicle companies struggled in 2009, they still placed great hopes on the commercial vehicle market in 2010. The adjustment of internal structure and product layout of enterprises in 2009 was also the dependence of multinational commercial vehicle companies this year.
Daimler focuses on emerging markets
Daimler believes that at the beginning of 2010, the global economy will still be in a state of adjustment. Although there have been some signs of recovery, this does not mean that the crisis has ended, and that the growth of emerging markets (such as China and India) that are solid has been playing an active role.
As a result, Daimler predicts that in 2010 the company's EBIT will exceed 2.3 billion euros, Daimler's EBIT will be about 200 million euros, and Daimler's EBIT will be 180 million euros.
Volvo moves light
Volvo CEO Leif Johansen said: "In the fourth quarter of 2009, the Volvo Group continued to focus on the adjustment of its cost structure and paid attention to the management of cash flow. With the reduction of inventory, the Group also began to increase production and product production. It will replace the work of reducing inventory, and accelerating the pace of production, combined with a reduction in inventory, will reduce the operating costs of SEK 12 billion (approximately 1.22 billion euros) for the Group. The positive cash flow means that we have succeeded in reducing the Group's net debt. In the fourth quarter, we almost reduced the net debt of SEK 9 billion (approximately 920 million euros)."
Volvo expects that the European heavy truck market in 2010 will grow by 10% to reach 164,000 units on the basis of 2009.
Man Simplified Business Unit
Mann believes that a large part of the company's business in 2009 came from the contribution of the "BRIC countries", especially the Chinese and Indian markets. Therefore, the acquisition of Volkswagen’s Brazilian business and the acquisition of Sinotruk have become two major events for Man in 2009. The third major event was that Man announced on July 14, 2009 that its two subsidiary companies, Man Diesel and Man Turbine, further strengthened their cooperation and eventually merged to form Power Engineering. Mann’s business units are thus more compact, forming two major growth points for transportation and power.
Through the streamlining of the department, the Man Group strives to promote market performance in 2010 with more accurate, effective and well-executed internal structures.
Scania looks forward to new arrivals
Scania President and Chief Executive Officer Leif Ostrin commented: “In 2009, Scania’s vehicle delivery volume decreased, and customers who rely on financial credit to purchase cars have also greatly reduced, but Scania realized SEK 2,473 million in operating income, which depended on stable service revenue and cost reduction measures throughout the year, starting in June 2009, the 12,000 employees of the Swedish factory had a four-hour work schedule, which was a cut of 10 in the second half of 2009 % of labor costs, this system will continue to be implemented in the first half of 2010."
Osterlin believes that in addition to effectively cutting costs, a variety of new products contributed. The new R-Series trucks have better fuel economy and driving conditions. The launch of the new passenger car Scania Touring is an important step in Scania’s strategy to increase industrialization. Scania Touring was jointly produced by Scania and the Chinese passenger car manufacturer Suzhou Jinlong. Scania provided the chassis and Hagrid was responsible for the body manufacturing. In 2010, Scania hopes these new products will still play a big role. (Editor: Li Jing)
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