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TRUCKMAKERS' NEWS WORLDWIDE
* Japan - Mitsubishi Fuso Truck and Bus to suspend most Japan output
Tokyo,Japan -MarketWatch (CAL,USA), by Kazuhiro Shimamura -Jul 19, 2007: -- Mitsubishi Fuso Truck and Bus Corp., a truck-making unit of DaimlerChrysler AG, said Thursday it will suspend most of its Japan production on Friday and Saturday due to a shortage of engine parts from an earthquake-hit supplier... It is unclear whether the company can fully resume production next week, but the 450-vehicle cut should be easy to recover once it procures enough parts... Mitsubishi Fuso purchases engine piston rings from Riken Corp., which has been forced to suspend operations due to damage caused by the powerful earthquake in northwest Japan Monday...
* Sweden - Volvo to Buy MAN - Again
Stockholm,Sweden -Forbes (NY,USA) -19 July 2007: -- Volvo no comment on MAN bid rumour, but notes 2 cos' high combined mkt share... AB Volvo declined comment on rumours it is considering bidding for German rival MAN AG, but suggested that if the two truckmakers did combine they would face significant antitrust problems... The rumour, which circulated in Frankfurt this morning, drove MAN to close to the top of the DAX leaderboard...
* UK - LDV in Profit, GAZ in the Market?
UK -Easier/World Trucks Blog -19 July 2007: -- LDV back in profit one year after GAZ purchase 18 July 2007 LDV is celebrating after officially returning to profitability, less than one year after being purchased by Russian firm GAZ... But, of course, the question has to be – what will GAZ do next – how does a piece of AB Volvo sound?...
* USA - Navistar-GM talks spur optimism - A Navistar International Corp. purchase of General Motors' medium-duty truck line could mean 600 jobs
Springfield, USA -The Springfield News Sun, by Elaine Morris Roberts -July 19, 2007: -- The possibility that the Springfield International Truck and Engine plant could see an infusion of 600 jobs has officials here and in Columbus urging union leaders and company management to work together like never before... International's holding company, Navistar International Corp., is negotiating to buy General Motors' medium-duty truck manufacturing line, which is based at a plant in Flint, Mich...
Labels: truckmakers news
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