![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCKMAKERS NEWS
* Sweden - Volvo Trucks says supply constraints blocking further European mkt shr increases
Stockholm,Sweden -Thomson Financial/AFX News Limited/Forbes (NY,USA) -11 May 2007: -- Volvo Trucks head Staffan Jufors said the division is gaining market share both in Europe and in North America, that supply constraints are preventing further gains, and that 2007 could be another record year for the division... Jufors said Volvo Trucks, Volvo's most profitable truck brand, achieved its highest profitability ever in the first quarter...
* Japan - Mitsubushi Fuso cuts engine production
Tokyo,Japan -AFP/The Tocqueville Connection /daily Nikkei -12 May 2007: -- Japan's Mitsubishi Fuso Truck and Bus Corp. plans to stop developing and producing engines for small trucks due to soaring costs to cope with tighter emissions regulations, a press report said Saturday... As a result, the Japanese unit of DaimlerChrysler AG, which produces 180,000 small trucks each year, will procure roughly 80 percent of their engines from other companies, the business said... From 2009, tighter rules across the world will require truck makers to almost completely eliminate emissions of both nitrogen oxides and particulate matter, the daily noted... Mitsubishi Fuso, owned 85 percent by DaimlerChrysler and 15 percent by the Mitsubishi group, decided not to take on such a development because it was hit by a third straight annual net loss due to a defect cover-up scandal and other factors, the report said...
* USA - Mack Trucks' business cut by half
Macungie,PA,USA -The Morning Call, by Spencer Soper -May 12, 2007: -- Mack Truck deliveries continued their expected slump in March, dropping nearly 50 percent from the same month in 2006, its parent company Volvo AB reported Friday... Mack delivered 1,834 trucks in March, down 49 percent from 3,587 in the same month last year. It was the company's lowest March since 2003, when it delivered 1,177 trucks... The company had braced for a downturn in deliveries last fall by announcing it would lay off 450 workers at its Lower Macungie Township plant, where it makes heavy-duty trucks. The cuts reduced the plant's work force of 1,000 by more than 40 percent...
Labels: truckmakers news
posted by Unknown @ 11:50 AM
0 Comments:
Post a Comment
<< Home