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TRUCKMAKERS' NEWS * USA & Canada
* USA - Fiat bringing Iveco trucks stateside early 2008USA -Autoblog, by Noah Joseph -Jul 25 2007: -- The Fiat group seems to be on a ceaseless campaign to bring its products to the U.S. market... Fiat CEO Sergio Marchionne has announced plans to bring the group's heavy truck subsidiary Iveco to the American market... Marchionne has a much tighter time-frame in mind for Iveco (See products on photo), declaring that they company "will have something done within six to nine months"... That's mighty soon...
* USA - Cummins reports record revenues during N. American slump
Columbus,Ind,USA -Today's Trucking -27 July 2007: -- Despite a 40 percent downturn in the heavy-duty market, Cummins reported broad gains across most of its product and geographical markets... The engine maker reports second-quarter revenues of $3.34 billion, up 18 percent from $2.84 billion in the second quarter of 2006 and 10 percent higher than the previous quarterly record set in the fourth quarter of last year...
* UK - BG and Volvo Latest to Give Up U.S. Listings Movers Marketplace
London,UK -Bloomberg -26 July 2007: -- BG Group and Volvo both said Wednesday they would drop their U.S. stock listings, following companies like Groupe Danone and British Airways that want to cut the cost of complying with American regulations... Volvo, one of the world's largest truck makers, also said it had applied to drop its listing of American depository receipts on the Nasdaq. The benefits were not "proportionate with the costs for maintaining the listing," the Swedish company said...
* Canada - New Kenworth T660s Proving Popular with J&R Hall Transport Management and Drivers
Ontario,Can -Layover (USA) -23 July 2007: -- J&R Hall Transport was one of the first fleets in Canada to take delivery of the new, aerodynamic Kenworth T660 model and management and drivers like what they¹ve seen during the initial months of operation... The smooth and aerodynamic styling of the Kenworth T660, which has created Kenworth's most fuel-efficient tractor, is paying off at the fuel pump...
* USA - Lower-sales prediction rattles Paccar stockholders
Seattle,Wash,USA -The Seattle Times, by Drew DeSilver -25 July 2007: -- Paccar reported a sharply lower second-quarter profit Tuesday, but that wasn't why investors pummeled the stock of the Bellevue-based truck maker... They were looking at the road ahead, not the rear-view mirror, concerned that the current trough in the North American new-truck market will be deeper and last longer than expected... Paccar said it earned $298.3 million in the three months ended June 30, down 19.4 percent from the same period in 2006. Total revenue in the quarter fell 10.8 percent, to $3.72 billion; earnings per share came in at $1.19, versus $1.47 a year earlier...
Labels: truckmakers' news USA
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