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TRUCKMAKERS' COMMENTS WORLDWIDE
* Russia - Rába, GAZ, Magna, Deripaska, & the Future of the Truks in the World - It all rather looks like a giant waking up !!!
Moscow,Russia -Interfax/Road Transport (UK) -6 July 2007: -- News here that Rába Axle Manufacturing Ltd has signed a €67 million supply deal with GAZ... What to think of GAZ at the moment? It has already spent $1.54 billion on a piece of Canadian components firm Magna, and we reckon that it is due a big buy in the none-too-distant within the EU. Its deal with Rába could be seen as a consolidation of commodity component capacity – something that could fit rather well with the demands of a EU-based truck manufacturer. Oleg Deripaska could write a cheque for just about any number and still pay next month’s gas bill, and so the list of possible targets is a lengthy one. In other words, we wouldn’t bet against anything. And, interestingly enough, ex Ford financial man and latterly Volvo Car strategy chief Andrzej Kasperek (appointed as director for development and M&A: Will be responsible for planning and carrying out the acquisition of new assets and the formation of alliances in Russia and abroad), has just taken Deripaska’s shilling as well...
* Sweden - More Volvo Tomfoolery
Stockholm,Sweden -Road Transport (UK), by Oliver Dixon -6 July 2007: -- The notion of management succession is one that intrigues us... Why ironic? Because this nonsense suggests a complete absence of a plan, strategic or otherwise. Isaksen throws in the towel and is asked to stay until a replacement can be found – early this autumn. * Strike one for bad management thinking – no successor in place for the Head of European Truck Business – Volvo’s biggest single market... * Strike two – demonstrate to the world just how chronic one’s management planning is: two utterly contradictory press releases in the space of three days makes a mockery of Volvo’s corporate thinking... We’ve often wondered if the company’s success has come about more by luck than judgment. We’re now pretty convinced of the fact...
Labels: truckmakers' comments
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