Paris, October 09, 2014 -- According to Moody's Investors Service, improved profits from European truck manufacturers in H1 2014 are masking negative industry trends that are likely to become more apparent in the second half. A confluence of negative signs that appeared in Q2 have not yet manifested themselves fully in results, and sales and profits could fall below last year's results despite higher volumes that led to better margins in the first half.

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