SKF CEO Sees North American Automotive Market Remaining Weak in Q1

Resource from: CBCC Likes:2959

Oct 23,2006

STOCKHOLM (AFX) - SKF AB’s chief executive Tom Johnstone said he expects the North American vehicle market to remain weak in the first quarter, and the North American heavy truck market to be weak in 2007 as a whole. ‘If I look at North America, I would expect conditions to remain weak in the first quarter as well, but it’s early days yet,’ said Johnstone of the car market. ‘Its crystal clear that in the heavy truck market we will see a very big drop in demand in the North America market next year. But that’s not a big market for us,’ he said. Speaking at the company’s post results conference, Johnstone also said overall sales in the first month of the fourth quarter had been ‘very weak’ at its troubled Automotive division.

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Taiwan's Machinery Sector Finds Future in New Technologies
Next Actuator Manufacturer Acquired by SKF

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.

Quik Links

Language

SKF CEO Sees North American Automotive Market Remaining Weak in Q1

Our Partner

Friendly Link

原文