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TRUCKMAKERS' NEWS WORLWIDE
* Sweden - Volvo Trucks remains strong in EuropeSweden -Easier (Chester,UK) -25 July 2007: -- During the second quarter of 2007 the market trend for Volvo Trucks remains very strong in Europe and significantly weaker in North America... Order bookings rose by 68% in Europe, where the high level of demand means that it is a challenge to be able to deliver in pace with customer orders and the focus is on gradually increasing capacity in the entire industrial system to be able to meet demand. However, the half-year trend in Eastern Europe (+81%) and Asia (+15%) is particularly favourable as these are important markets in which we are continuously strengthening our position and expanding our distribution network to provide our customers with even better service. Demand also remained favourable in South America (+27%)...
* Sweden - Volvo Trucks Profit Dragged Down By New U.S. Pollution Rules - Sales slumped by 36% in North America
Sweden -Industry Week (USA)/Agence France Presse (France) -July 26, 2007 -- Volvo, said on July 25 that new environmental standards in the U.S. had hit sales hard and dragged down profits in the second quarter... Volvo said that its decline on the American market had been caused by the introduction of new environmental standards on January 1, 2007... Net profit fell by 13.9% on a 12-month comparison to 4.03 billion kronor ($603.92 million) for April to June, but the group said that global demand for trucks was exceptionally strong...
* China - FAW launches J6M premium long distance heavy tractorShanghai,China -Automotive World (UK) -26 July, 2007: -- Jiefang has launched what, according to the company, is the first premium heavy tractor to be independently designed and built by a Chinese truck manufacturer... FAW Group's Jiefang commercial truck division has launched its new J6M premium long distance heavy tractor...
* China - Designed light trucks to be "made in U.S." - Light trucks designed by ChangAn Automobile Group, China's third largest automaker, will be made in the United States
Beijing,China -Shanghai Securities Journal/Xinhua/China View -23 July 2007: -- ... The journal reports Monday that Tiger Truck LLC, a privately held U.S. truck manufacturer headquartered in Dallas, Texas, plans to open an assembly plant in Poteau City, Oklahoma to produce the China-designed trucks... Chongqing ChangAn Kuayue Automobile Co., Ltd. one of ChangAn Group's subsidiary companies, is actually the one that works with Tiger Truck... (Photo by: Puget Sound Clean Cities Coalition -Seattle,WA,USA: Tiger Electric Truck: $11,495) * Sweden - Scania Shares Plunge After Profit Misses Estimates
Stockholm,Sweden -Bloomberg, by Chad Thomas -July 26,2007: -- Shares of Scania AB fell 12 percent, their biggest decline in more than eight years, after Sweden's second-largest truckmaker reported earnings below analysts' estimates because of higher production costs and the krona's rise... Scania's second-quarter net income rose 45 percent to 2.01 billion kronor ($298 million), lagging behind the 2.05 billion- krona estimate of eight analysts surveyed by Bloomberg News. The Soedertaelje, Sweden-based truckmaker posted an operating margin of 13.6 percent in the second quarter versus 15.9 percent in the first quarter...
Stockholm,Sweden -Bloomberg, by Chad Thomas -July 26,2007: -- Shares of Scania AB fell 12 percent, their biggest decline in more than eight years, after Sweden's second-largest truckmaker reported earnings below analysts' estimates because of higher production costs and the krona's rise... Scania's second-quarter net income rose 45 percent to 2.01 billion kronor ($298 million), lagging behind the 2.05 billion- krona estimate of eight analysts surveyed by Bloomberg News. The Soedertaelje, Sweden-based truckmaker posted an operating margin of 13.6 percent in the second quarter versus 15.9 percent in the first quarter...
Labels: truckmakers news
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