SA News • Feb. 16, 2012
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Feb. 16, 2012, 3:14 PMPaccar (PCAR +4.5%) trades higher after Scania's (SVKBY.PK) CEO said yesterday that the European truck market has bottomed out. Europe's struggling truck market has been weighing on Paccar, which slashed 2012 European sales forecasts two weeks ago. Its DAF truck brand is a major player in the European market, and more than one-third of its 2011 sales came from Europe . | Comment!
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Scania is a global company with a sales and service organisation in more than 100 countries. Aside from sales and services, Scania offers financial services in many markets. Scanias production units are located in Europe and Latin America.
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