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Oct 28, 2008

TRUCKMAKERS NEWS WORLDWIDE * Germany -

* Germany - Daimler Sets Month-Long German Production Halt

Stuttgart,Gedrmany -Bloomberg/Transport Topics -27 Oct 2008: -- Daimler AG will close its 14 plants in its home country of Germany for a month starting in December as it slows production because of falling demand for cars and trucks... The closure will run from Dec. 12 to Jan. 12 and will affect about 150,000 workers, who will be kept on full pay, a company spokesman told Bloomberg... Daimler cut its full-year earnings forecast last week even as it posted a higher third-quarter profit than a year ago. The Stuttgart, Germany-based company is under pressure as the global financial crisis and economic slowdown hurt demand for its upscale cars...

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