![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCKMAKERS' NEWS WORLDWIDE
* India - Daimler: No plans to manufacture trucks in
Mumbai,India -Reuters/The Economic Times -June 08, 2007: -- A DaimlerChrysler spokesman said there were no plans for the company to manufacture trucks in India after a newspaper reported it would begin assembling trucks in the country in early 2008... The Mint reported that DaimlerChrysler, which now imports Actros trucks, would begin assembling some models from imported kits next year, citing people familiar with the plans. A company spokesman denied the report. "There are no plans to manufacture trucks yet," he said when contacted by Reuters...
* India - What is going on in ? - May truck sales were down significantly
Mumbai,India -RoadTransport (UK) -9 June 2007: -- Whilst the CV sector as a whole saw a one per cent rise during the month, truck - as opposed to truck and bus sales were fairly horrible. Tata dropped 19 per cent in the Medium and heavy Duty Sector, whilst Ashok Leyland posted an 18 per cent decline... In the light of this news, it's easy to understand Tata's - India's biggest truck manufacturer - decision to cut production... This is an issue not just for the indigenous OEMs, but also for those from the Triad that have been throwing money at the place in the hope of taking a slice of one of the world's largest CV markets. Volvo, Scania (Larsen & Toubro), MAN (Force Motors), and Navistar (Mahindra International) are all exposed to a downturn via either standalone of JV operations. Iveco exited Ashok Leyland a while back, and is yet to do anything meaningful with its new best friend Tata. DaimlerChrysler may or may not be considering establishing a standalone operation in India; it currently has a 6.8 per cent stake in Tata, and had a long hard sniff at Indian minnow Eicher, of which it owns 3.6 per cent... If this is a downturn caused by an adjustment to a legislative driver, then that is one thing. If it a market blip caused by a temporary restrictive fiscal policy, then that is another. Both would be readily amenable to explanation. But if there is something more rotten in the Indian economy, then that is a very different matter...
* Sweden - Scania and Emerging Markets
Stockholm,Sweden -RoadTransport (UK) -9 June 2007: -- This news concerning Scania's agreement to enter into a partnership with a Chinese bus bodybuilder may seem to be somewhat incidental... But we think otherwise. Looking at Scania's approach to the two major emerging markets - India and China - one sees that it has adopted a low risk, low cost policy, and this seems to be very appropriate. Scania already has a sales operation for its heavy truck range in China, but these products are positioned at the premium end of the market, and there is no local partner involvement... Both the Jiangsu Alfa Bus and the Larsen & Toubro Limited deal in India - and, for that matter, the agreement with Iranian bus producer Oghab - suggest a business model based around cautious, partnership-driven growth in the Emerging Markets and this seems entirely appropriate...
* USA - Transportation Stocks
Chicago,Ill,USA -The Chicago Tribune -8 June 2007: -- Cummins has seen its stock price rise by almost 60 per cent this year. Whilst a high share price is not necessarily a good indicator of a company's underlying health, some interesting things have been happening to the prices of transportation-related stocks... Logic might suggest that they would plummet - in the light of the EPA 07 driven US downturn - but the reality is very different. Witness Paccar - now at around $86 per share from $49 this time last year; Volvo - at $20 from $10 in June 2006 and Navistar - up from around $20 per share to the top side of $60 despite being kicked off on to the Pink Sheets...
*Germany - MAN to Settle Chinese Action?
Germany -Bloomberg/Handlesblatt -June 8, 2007: -- Some time ago, we reported on MAN's difficulties with Chinese OEM Zonda... This now seems to be approaching settlement. We've said it before about China, and we'll say it again here. When doing business in the People's Republic, pack an extra pair of socks... Because, if that's all you're left standing in, you'll want to look your best...
Labels: truckmakers news
posted by Unknown @ 4:38 AM
0 Comments:
Post a Comment
<< Home