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MAN sees higher order intake in Diesel and Turbo unit

Reuters reported that German truck maker MAN SE expects order intake in its Diesel & Turbo unit to rise above EUR 3 billion in 2010, more than the 2009 level. In 2009, the unit's order intake was EUR 2.9 billion.

However, Mr Klaus Stahlmann head of MAN SE said that revenues of the unit, which also makes turbines for power plants and produces engines for container and cruise ships, would remain stable in 2010 compared with the pre year level of about EUR 3.8 billion.

Mr Stahlmann, who became head of the Diesel & Turbo unit at the beginning of the year, added that its operations would expand in Brazil. He added that "This can happen through an acquisition or through setting up a plant."

He also denied that the company was intending to sell the unit. He said that "There are persistent rumors about that but there is nothing to it."

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