Financial Times FT.com

Drop in orders stuns truckmakers

By Daniel Schäfer in Hannover

Published: September 25 2008 17:27 | Last updated: September 25 2008 17:27

European truckmakers have been surprised by a sharp drop in western European orders in recent weeks as the fallout from the global financial crisis brings to an end an extraordinary growth period for the sector.

After years of being spoiled by rapid growth rates, the heads of several commercial vehicle companies and suppliers this week painted a more sombre picture at the world’s biggest truck fair in Hannover.

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