Daimler Truck’s chief executive has said the group will not rule out an exit from manufacturing in China as the world’s largest truck producer grapples with a “crazy” global down cycle, compounded by US tariffs and weak demand in Europe.
The German group’s struggles in China have coincided with restructuring measures in Europe. Last week it announced plans to cut 5,000 jobs in its home country by the end of the decade.
“Basically we’re looking at everything,” Karin Rådström said in an interview with the Financial Times when asked about the company’s future in China. “It is the biggest truck market in the world. It’s not an easy market to be profitable in but . . . it’s also a market where technological development moves fast.”
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