Fuso tight­ens its belt

Herald Sun - Motoring - - Front Page -

MIT­SUBISHI Fuso is aim­ing to stream­line its busi­ness to bet­ter cope with lean years. The Ja­panese-based com­pany, which is owned by Daim­ler Trucks, is tipped to sell about 100,000 trucks this year, roughly half of last year’s sales. The com­pany, which is ex­pected to post a loss this year, is about to be re­struc­tured to im­prove prof­itabil­ity. Fuso chief ex­ec­u­tive Al­bert Kirch­mann told re­porters in Ger­many last week Fuso’s for­ward plan would be based on an­nual pro­duc­tion of 150,000 and the com­pany would have to be pre­pared for a longer down­turn.

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