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TRUCKMAKERS' NEWS WORLDWIDE
* Germany - MAN's Samuelsson demands progress on truck allianceBEIJING,China -Reuters, by Claudia Kade -Aug 27, 2007: -- The chief executive of German industrial group MAN on Sunday called for speedy progress in long-running talks about a three-way truckmakers' alliance in Europe, adding he hoped that more clarity could be gained by year-end... Merging MAN with Swedish rival Scania and the commercial vehicles arm of Volkswagen would create Europe's market leader... (Photo: Two M.A.N. 26-410 6x6 wheel drive trucks)
* Germany - Daimler’s Second-Quarter Income Dips
Frankfurt,Germany -Bloomberg -29 Aug 2007: -- DaimlerChrysler’s second-quarter net income fell 14% after the company took losses from its unprofitable Chrysler division, sold earlier this month... Net income fell to about $2.5 billion from about $2.9 billion a year earlier, the company said... The truck division, the world’s largest manufacturer of commercial vehicles, aims to remain profitable even during a downturn, said truck unit chief Andreas Renschler... Daimler is the parent company of U.S. truck maker Freightliner LLC, which makes Freightliner, Sterling and Western Star trucks...
* Germany - DaimlerChrysler plans up to $10 billion share buyback
Frankfurt,Germany -Reuters -August 29, 2007: -- Flush with cash after selling Chrysler, DaimlerChrysler will spend up to 7.5 billion euros ($10.20 billion) to buy back nearly 10 percent of its shares over the next year, the carmaker said today... The move eclipsed second-quarter results that met market expectations and revealed how DaimlerChrysler will return excess funds to shareholders after selling a majority stake in its struggling U.S. arm to buyout group Cerberus Capital Management...
* USA - Volvo Group’s North American deliveries down 60%
Greensboro,NC,USA -Trucks News (Canada) -30 Aug 2007: -- Volvo Group continues to suffer a decline in North American truck deliveries as customers shy away from the more costly 2007 trucks and engines... Volvo Group’s overall North American deliveries are down 60% compared to last year. Mack Truck deliveries are down 62% in North America compared to last year while Volvo deliveries have seen a 64% decline.Volvo Group’s global sales have nearly offset the North American declines, with the company experiencing just a 4% drop in deliveries worldwide...
* India - Nissan In Vehicle Venture With Ashok Leyland
New Delhi,India -Forbes (USA), by Ruth David -30 Aug 2007: -- Ashok Leyland and Japanese auto giant Nissan have announced a tie-up to make pickup trucks and other light commercial vehicles in India and are looking at partnerships in sales and distribution... Tata Motors dominates the commercial vehicle arena overall. Ashok Leyland has a 30% market share of the medium and heavy vehicle segments. But it has only 2% of the light commercial vehicle market because of a lack of competitive products, analysts say... Nissan already has a joint venture with tractor maker Mahindra and Mahindra and Renault in the Indian market, where it produces its no-frills Logan sedan. The three companies are setting up a production plant in the southern Indian city of Madras, with the capacity to manufacture about 400,000 vehicles...
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