Canadian heavy-duty truck exports to plunge 29%
TORONTO, Ont. — Export Development Canada says Ontario auto exports will drop 6% this year, costing the economy about $4.8 billion.
The agency says heavy-duty truck exports will take the biggest hit, dropping 29% to $3.93 billion as a result of the 2007 emission standards.
The report blames the slumping US vehicle market for the decline. About 90% of Canadas auto output is shipped abroad. This year marks the third consecutive year of decline for the industry.
EDC economist Stephen Poloz said the heavy-duty truck market will begin to recover in 2008.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.