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TRUCKMAKERS NEWS * USA
* Air Wars: Navistar disputes rival's claims on aerodynamic truckWarrenville,Ill,USA -Today's Trucking (Canada) -7 Sept 2007: -- Freightliner's chief rival in the commercial class 8 market is questioning its competitor's recent claim that its new Cascadia highway tractor is "officially" more aerodynamic than other heavy truck in its class... "No truck that we have tested has outperformed our new ProStar in testing to Society of Automotive Engineers (SAE) standards, which include the whole trailer as well as the tractor in real-word simulations," says Steve Gilligan, assistant general manager of International Truck & Engine's Heavy Vehicle Center. "Freightliner simply cannot say that. The Cascadia was tested in Freightliner's private facility, which cannot accommodate a full tractor trailer."
(Photo: Straight as an Aero? International claims no truck trumps the ProStar in aerodynamic tests.)
* Sector Glance: Heavy Trucks
New York,NY,USA -Associated Press/Forbes -6 Sept 2007: -- Heavy truck companies posted mixed results Thursday, as a new study showed that heavy truck orders fell in August... David A. Bluestein of UBS, said a preliminary estimate by ACT Research shows that orders for Class Eight trucks fell 28 percent from August 2006, while Class Five orders dropped 36 percent and Class Six and Seven orders decreased 44 percent... Bluestein maintained his "Buy" rating for Navistar International Corp., citing his expectations of increasing merger and acquisition activity in the sector, along with the company's attractive valuation... He also backed his "Sell" ratings for Paccar Inc., Cummins Inc. and Accuride Corp., saying their valuations are somewhat overvalued...
Here's how the heavy truck stocks finished Thursday:
* Navistar shares gained 9 cents to 59.35.
* Paccar shares slipped 28 cents to $84.93.
* Cummins shares rose 38 cents to $118.40.
* Accuride shares added 25 cents to $13.20.
New York,NY,USA -Associated Press/Forbes -6 Sept 2007: -- Heavy truck companies posted mixed results Thursday, as a new study showed that heavy truck orders fell in August... David A. Bluestein of UBS, said a preliminary estimate by ACT Research shows that orders for Class Eight trucks fell 28 percent from August 2006, while Class Five orders dropped 36 percent and Class Six and Seven orders decreased 44 percent... Bluestein maintained his "Buy" rating for Navistar International Corp., citing his expectations of increasing merger and acquisition activity in the sector, along with the company's attractive valuation... He also backed his "Sell" ratings for Paccar Inc., Cummins Inc. and Accuride Corp., saying their valuations are somewhat overvalued...
Here's how the heavy truck stocks finished Thursday:
* Navistar shares gained 9 cents to 59.35.
* Paccar shares slipped 28 cents to $84.93.
* Cummins shares rose 38 cents to $118.40.
* Accuride shares added 25 cents to $13.20.
Labels: truckmakers news
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