Scania scales back production in Europe

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Truck maker Scania is to cut production in Europe from November to reflect a a deceleration in demand in various markets.

The company said that government financial problems in Europe and the US have now begun to affect economic activity and have led to hesitation among customers.
“It is a matter of deceleration in Europe, but also a slower pace of order bookings from the Middle East,” says Martin Lundstedt, executive vice president in charge of Scania’s sales and marketing.

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