Hannover, Germany. Despite challenging conditions in Europe and Brazil, and a slowing market for commercial vehicles in China, Daimler Trucks likes the long-term outlook and expects to see global medium and heavy truck sales reach nearly 4 million units by 2020, according to Andreas Renschler, the head of that business unit.
Pointing to Daimler Truck’s strategy of regional production using global technology platforms, Renschler said strong sales in North America, double digit growth in Russia and expanding business in India are helping the company weather the industry’s short-term cycles.
