BERLIN Feb 8 Germany's MAN SE expects
truck markets to rebound significantly next year as the company
is bracing for its sales decline to continue through 2013, Chief
Executive Georg Pachta-Reyhofen said.
The long-term prospects of truck markets are much better
than the outlook for this year, the CEO said at a press
conference in Munich on Friday.
The forthcoming introduction of stricter emission rules,
known as Euro-6, could fuel truck sales in the fourth quarter as
companies may bring forward planned purchases, he said.
Munich-based MAN, which expects another "disproportionate"
drop in operating profit in 2013 after underlying earnings
plunged 35 percent last year, has no plans to cut investments
drastically, the CEO said.
Steps to rein in costs, however, included a decision to stop
filling vacant positions, Pachta-Reyhofen said, adding he would
rule out job cuts.
(Reporting by Andreas Cremer)