German heavy truck manufacturer MAN announced recently that its net profit in the third quarter of 2008 rose 34% year-on-year to 298 million euros ($380 million).
Man said that the company's strong financial performance has benefited from the increase in sales of heavy trucks and the company's diesel engines and turbochargers. However, Man has already adjusted the annual sales target for 2008. Man originally expected to achieve a 10% growth in 2008. Now, he simply changes the name to "higher than in 2007." In 2007 Mann's sales were 15.5 billion euros.
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