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MAN Q3 net income falls sharply to

MAN Q3 net income falls sharply to

German truck and bus maker MAN SE said Thursday its third quarter net income fell sharply as demand for its products dropped in the downturn.
MAN, based in Munich, said net income for the quarter fell to ⁈ion ($8.8 million) in the July-September period, compared with ⁈llion in the third quarter of 2008.
Revenue fell 14 percent to ⁈llion from ⁈llion in the third quarter of 2008.
"Following the sharp downturn, industrial production should recover slowly over a period of several years," MAN said in its report.