MARKETS
* Initial Public Offering - Russia - Kamaz truck maker to IPO in Russia, abroad in early 2008
KAZAN,Russia -RIA Novosti (Moscow,RUS) -Sept 11, 2006: -- Kamaz, Russia's leading truck maker, will conduct an initial public offering in Russia and abroad in early 2008, Russia's economics minister said Monday... Russian companies are believed to be heavily undercapitalized and in need of funds to face increasingly fierce competition from Western firms...
* USA - Navistar Sells Retail Note Receivables
SCHAUMBURG,Ill,USA -The Houston Chronicle (Houston,TX)/AP -Sept. 11, 2006: -- Truck manufacturer Navistar International Corp. on Monday said its Navistar Financial Corp. subsidiary has sold its retail note finance receivables for $443 million to ABN AMRO Bank NV, parent of LaSalle bank and a Navistar creditor...
* India - L&T, via Scania, will enter big trucks space
Mumbai,India -The Daily News & Analysis, by Rabin Ghosh -Sept 11, 2006: -- The competition in the heavy commercial vehicle space is set to become more intense with engineering-and-construction-major Larsen & Toubro (L&T) throwing its hat into the ring... With this, Scania joins the ranks of major commercial vehicle manufacturers establishing their presence in India. While players like DaimlerChrysler and Volvo are already present here, others like MAN and International Trucks are coming through the joint venture route...
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