Germany: Knorr-Bremse sees 2009 sales fall 18%

Citing a slump in revenues in its Commercial Vehicle Systems division, braking specialist Knorr-Bremse has reported an 18% fall in 2009 revenues to €2.76bn (US$4bn). In 2008, revenues amounted to €3.384bn. In the Commercial Vehicle Systems division, the company reported that the global financial and economic crisis in 2009 resulted in Subscribe to Automotive World … Continued

• By Webmaster
• January 14, 2010