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TRUCKS' INDUSTRY NEWS WORLDWIDE
* USA - Cummins Rises
New York,NY,USA -Associated Press/Forbes -9 July 2007: -- Shares of diesel engine maker Cummins Inc. were on pace to open at an all-time high Monday after a Bear Stearns analyst upgraded the stock, saying many of Cummins' competitors won't be able to meet new emissions regulations... Peter Nesvold raised his rating to "Outperform" from "Peer Perform," and predicted the stock would rise 22.1 percent, to a price of $130, by the end of 2008. The new emissions rules are going to hurt Cummins' competitors over the coming years, he said, but the Columbus, Ind., company is set to benefit from the changes...
* China - Dana invests in joint venture to produce axles overseas
Shanghai,China -Truck News, by Steven Macleod -9 July 2007: -- Dana Mauritius will invest in an existing Dongfeng subsidiary, which is China’s largest commercial vehicle axle manufacturer, to form Dongfeng Dana Axle... Dana Corporation’s wholly owned subsidiary Dana Mauritius has closed on the purchase of 4% of the registered capital of Dongfeng Dana Axle, a Chinese commercial vehicle axle manufacturer formerly known as Dongfeng Axle...
Labels: trucks industry news
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