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TRUCKMAKERS' NEWS WORLDWIDE
*Sweden - Volvo says U.S./Sweden to help fund new hybrids
Stockholm,Sweden -Reuters -28 June 2007: -- World number two truckmaker Volvo said today that it was joining a cooperation program to cut fossil fuel consumption partly funded by the U.S. and Swedish governments... The projects, involving among others Volvo's U.S. subsidiary Mack Trucks, included development of hybrid technology for heavy vehicles and analyses of biofuels in diesel engines... "For Volvo, it would involve producing powertrains based on alternative fuels suitable for heavy vehicles," the company said in a statement. "This means that we can implement a number of projects within the environmental area that would otherwise have not been possible."... It did not disclose the details of the financing agreement...
* Sweden - New Volvo FH set for 2009 launch
Stockholm,Sweden -Road Transport (UK) -28 June 2007: -- Volvo Trucks will take the wraps off a new version of the FH truck range in 2009 to ensure the truck remains toward the top of the European tractor market league table... Senior Volvo sources indicate the vehicle will be a further evolution of the successful product line-up, first launched in 1993, and will focus on improvements to the ride and handling of the truck as well as attention to the fit and finish of the cab...
* USA - A merger for Volvo, AB Volvo? ...
Detroit,Mich,USA -The Detroit News, by Christine Tierney -June 27, 2007: -- Of all the mergers and acquisitions rumors that have risen since the breakup of Daimler and Chrysler, one of the most intriguing is a report that AB Volvo of Sweden might be interested in reuniting with Volvo Cars... AB Volvo is the heavy-truck manufacturer that sold its passenger car business to Ford Motor Co. in 1999 at the height of a global mergers and acquisitions spree in the auto industry... Ford, now struggling and deeply in debt, is reluctantly considering the sale of the Volvo car unit...
* USA - Navistar vehicle shipments fall 31% in Q2
Chicago,Ill,USA -Reuters -June 26, 2007: -- Navistar International Corp., a U.S. truck and engine maker, said today that global shipments of its vehicles tumbled 31 percent during the second quarter... The Warrenville, Ill.,-based company said it shipped 26,200 heavy and medium trucks, school buses and other vehicles during the quarter ended April 30, 2007, down from 38,100 during the same period a year earlier... Like other companies exposed to the North American trucking market, Navistar is experiencing a sharp decline in demand for big trucks and engines because of tough new clean-air rules that went into effect Jan. 1... Many fleet operators, worried about the cost and reliability of the new engines designed to comply with the rules, stocked up on new vehicles last year and are not buying this year...
* Italy - Iveco, Samotlor-NN in JV to build trucks in Russia
Milan,Italy -Reuters -28 June 2007: -- Fiat's Iveco truck making unit said today it plans to form a joint venture with Russian industrial group Samotlor-NN to make its Daily-brand vehicles in its first major foray into Russia... Iveco said its venture would spend about 50 million euros ($67.17 million) to build a plant in Nizhniy Novgorod with a production capacity of 25,000 units a year... Iveco, which will own 51 percent of the venture, said the vehicles would be sold in Russia and neighbouring countries... Iveco and other truck makers are expanding in Russia and other developing markets to offset stagnant demand in mature markets such as Western Europe...
* India - Ashok Leyland and Moldova
India -Road Transport (UK) -19 June 2007: -- Rumour has it that Ashok Leyland is about to break ground on a truck bus plant in Moldova... It'll be interesting to see quite where the output will end up...
* USA - GM sells Allison Transmission for $5.6 billion
New York,N.Y.,USA -Truck News (CAN), by Adam Ledlow -28 June 2007: -- General Motors has agreed to sell its Allison Transmission commercial and military business to The Carlyle Group and Onex Corporation for approximately $5.6 billion. The sale agreement covers substantially all of Allison Transmission, including seven manufacturing facilities in Indianapolis, Ind. and its worldwide distribution network and sales offices...
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