Volkswagen <VOWG.DE> expects demand for commercial vehicles to gradually improve from the second half of this year until the end of 2010, the commercial vehicle division’s head told Reuters. “There is a moderate upward movement, but at a low level. I expect that there will be no substantial change next year either,” Stephan Schaller said in the interview published on Wednesday.
The company plans to crank production at its Hanover plant back up to a normal level next month, having cut back output by about a quarter earlier this year to offset slumping demand.
Schaller also said that plans for cooperation with Scania <SCVb.ST> and MAN SE <MANG.DE> were intended to progress slowly, meaning no quick updates could be expected on the matter.
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