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TRUCKMAKERS' NEWS
* USA - Navistar backs industry outlook; shares rise
New York,NY,USA -Reuters -Mar 20, 2007: -- Truck and engine maker Navistar International Corp., on Tuesday backed its fiscal-year outlook for industry volume for the United States and Canada and said its global quarterly shipments were unchanged, sending its shares up more than 5 percent... Navistar held its market share position in its core medium- and heavy-duty truck and engine businesses during the quarter and maintained its stance on pricing, Chief Executive Daniel Ustian said in a statement...
* Sweden - Volvo Jan-Feb truck shipments fall 13 pct yr/yr
Stockholm,Sweden -Reuters -Mar 20, 2007: -- World number two truck maker Volvo said on Tuesday shipments of its trucks fell 13 percent in January through February, mainly due to weaker demand in its second biggest market, North America... Volvo delivered 28,275 trucks in the period, down from 32,336 a year earlier, it said in a statement. This would mean shipments in February alone fell 18 percent year-on-year to 14,313 trucks, according to Reuters' calculations...
* South Korea - Volvo Trucks inaugurates new head office
Hwaseong Dongtan,S.Korea -Automotive World (UK - Subscription) -21 March, 2007: -- Volvo Trucks has inaugurated a new South Korean head office and dealer facility, along with an integrated training centre, in Hwaseong Dongtan...
* Taiwan - Formosa Automobile denies planning China jv with DAF Trucks
Taipei,Taiwan -Economic Daily News/XFN-ASIA/AFX News Limited/Forbes(USA) -21 Mar 2007: -- Formosa Automobile Corp, an affiliate of the Formosa Plastics group, said that it is planning to spend over 4 bln twd to form a joint venture with DAF Trucks NV of the Netherlands to produce heavy-duty trucks in China is groundless...
* Sweden - Scania Receives Important Order in Russia - Will Deliver 144 Trucks to Expansive Grocery Chain
Stockholm,Sweden -Business Wire (USA) -March 21, 2007: -- With an order for 144 trucks from X5 Retail Group, Scania is consolidating its position as the largest western European make in the fast-growing Russian market... “X5 Retail Group plans to open shops in most large cities in Russia and is choosing Scania because we both have trucks with low operating costs and a well-developed service network,” says Raimo Lehtiö, Managing Director of Scania Russia...
* USA - Mack Trucks slams on the brakes - Deliveries plunge; truckers bought heavily last year to beat new, expensive emissions technology
Allentown,PA,USA -The Allentown Morning Call, by Spencer Soper -21 Mar 2007: -- February sales of Mack Trucks were down nearly 50 percent as the company endured an expected drop in sales that has forced the layoffs of 450 workers in recent months... Mack delivered 1,522 trucks in February, a 46 percent drop from the same month a year ago, according to its parent company, Volvo AB. That was its worst February performance since 2003, when the Allentown company delivered 1,199 vehicles...
* Taiwan -CMC begins assembly of Mitsubishi Fuso Canter
Taipei,Taiwan -Automotive World (UK) -21 March, 2007: -- Assembly of Mitsubishi Fuso Truck & Bus' Canter light-duty truck by China Motor Corporation (CMC) has started in Taiwan... According to Fuso, Taiwan is the company's third largest market after Japan and Indonesia... The company sold 12,100 vehicles...
* USA - Market to Drop by 75 Per Cent?
USA -Road Transport, by Oliver Dixon -March 22, 2007: -- No names here, but we've just been talking to a chap who works at a fairly high level for one of the Tier 1 suppliers to the US truck business... His view of the Class 8 market for 2007? A drop off of between 75 and 80 per cent. the word 'cliff' was used - in fact a number of words were used, few of which can be repeated here... Forty per cent is bad enough, but 75? That is carnage on a grand scale, and a market collapse that will inevitably impact upon Europe as well... Chapter 11's approaching?...
Labels: truckmakers news
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