Truckmaker MAN's 2007 Sales Reach $22.33 Billion

German Truckmaker MAN said Wednesday sales rose by about 15 percent last year.

The Munich-based company said 2007 sales reached 15 billion euros ($22.33 billion) compared with 13 billion euros in 2006.

It also said its order intake for new vehicles rose more than 10 percent from 2006's total 16.6 billion euros, but did not give a precise figure.

The company is scheduled to release its fourth-quarter and full-year earnings on Feb. 5.

Shares of MAN were down 1.7 percent at 90.70 euros ($135.02) in Frankfurt trading, part of a wider decline in the DAX index of blue-chip stocks, which was down nearly 1 percent.