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TRUCKS' MARKETS
* Belgium - European Truck Sales Plunge 40% After Surge Last Year
Brussels,Belgium -Bloomberg, by Chad Thomas -May 24, 2007: -- European heavy-truck sales in April plunged 40 percent after a surge a year earlier when customers bought vehicles ahead of European Union regulations requiring trucks to have tamper-proof mileage-measurement devices... Registrations of trucks heavier than 16 tons plummeted to 28,254 vehicles from 47,336 a year earlier, the European Automobile Manufacturers Association said in a statement today. Four-month sales fell 11 percent to 103,483 units...
* Germany - Stocks Rise, Led by DaimlerChrysler, Lufthansa, Telekom
Germany -Bloomberg (NY,USA), by Henrietta Rumberger -May 23, 2007: -- Germany's benchmark DAX Index rose for the fifth day, led by DaimlerChrysler AG after Morgan Stanley analysts said the stock has potential to gain... DaimlerChrysler, the world's fifth-largest carmaker, rose 2.45 euros, or 3.8 percent, to 67.84 euros. Volkswagen AG, Europe's largest carmaker, advanced 2.86 euros, or 2.6 percent, to 113.96 euros... DaimlerChrysler is "our preferred way to play trucks in Europe,'' Morgan Stanley analysts including Adam Jonas wrote in a note to investors... "Our 75 euros price target implies 16 percent upside, but we see 55 percent upside to 100 euros as possible in the event of a more focused organization with improved margins.''...
* China - Daimler Sells China Venture Stake; Poised for New One
Shanghai,China -Bloomberg, by Tian Ying -May 21, 2007: -- DaimlerChrysler AG, the world's largest commercial-vehicles maker, sold its stake in a 10-year- old Chinese bus-making venture, paving the way for it to form a separate partnership producing trucks... Jiangsu Yaxing Motor Coach Co., the other partner in Yaxing Benz Co., bought DaimlerChrysler's 50 percent stake in March, Trevor Hale, the German automaker's Beijing-based spokesman said by phone today... Selling the Yaxing stake will enable DaimlerChrysler to cooperate with Beiqi Foton Motor Co., the country's biggest light-truck maker... Overseas automakers are only allowed two commercial vehicle-making partners in China, the world's second largest auto market...
* Iran, Belarus Form Alliance in Face of U.S. Pressure
Teheran,Iran -Bloomberg, by Lucian Kim -May 21, 2007: -- Iran and Belarus, both under U.S. sanctions, formed a "strategic'' alliance today to boost energy ties and counter American pressure on their economies... Iran plans to assemble Belarusian MAZ trucks, and Belarus is preparing to produce Iran Khodro Co.'s Samand passenger car...
Labels: trucks markets
posted by Unknown @ 11:14 AM
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