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TRUCKS' MAKERS NEWS * USA
* Is Freightliner Moving From Oregon to the Charlotte Region?Charlotte,NC,USA -WBTV News -25 Oct 2007: -- There is strong speculation that truck maker Freightliner may be moving its headquarters from Portland, Oregon, to the Charlotte region... Right now, there is a big Freightliner plant in Rowan County but they aren't in the running. It appears as though Lancaster County, South Carolina, is the front runner... In fact, Frieghtliner is putting an option on 300 acres of land in Lancaster County. WBTV News has also learned the company may be considering sites in York, Mecklenburg and Iredell Counties...
* Navistar talking to GM about truck businessIndianapolis,IN,USA -The IndyStar, by Ted Evanoff -25 Oct 2007: -- Navistar International said it is talking to General Motors about buying the medium-truck business... Navistar disclosed the talks this morning during a conference with Wall Street analysts. It was not immediately clear how the purchase would impact Indianapolis operations. Navistar's operating arm, International Truck and Engine, makes diesels for Ford pickups at a 1,600-employee complex on the Eastside... (Photo: GMC Medium Duty trucks)
* PACCAR Achieves Solid Thrd Quarter Sales and Profits - Robust European, Aftermarket Parts and Finance Business
Bellevue,Wash,USA -Business Wire -October 24, 2007: -- “PACCAR achieved very good revenues and net income for the third quarter and first nine months of 2007,” said Mark C. Pigott, chairman and chief executive officer... "PACCAR’s balanced global diversification, with over 60 percent of revenues originating outside of the U.S. and a double-digit revenue increase in the company’s finance and aftermarket parts businesses contributed to solid operating performance. Strong demand for PACCAR products in Europe, Australia, Mexico and export markets continues to generate excellent earnings and provide opportunities for growth, tempered by truck industry declines in the U.S. and Canada”... PACCAR’s total return to shareholders over the last four quarters was 56 percent compared to 16.5 percent by the S&P 500 during the same period... (Photo from Business Wire: The Peterbilt Hybrid 335 is estimated to achieve a 30 percent improvement in fuel economy)
Bellevue,Wash,USA -Business Wire -October 24, 2007: -- “PACCAR achieved very good revenues and net income for the third quarter and first nine months of 2007,” said Mark C. Pigott, chairman and chief executive officer... "PACCAR’s balanced global diversification, with over 60 percent of revenues originating outside of the U.S. and a double-digit revenue increase in the company’s finance and aftermarket parts businesses contributed to solid operating performance. Strong demand for PACCAR products in Europe, Australia, Mexico and export markets continues to generate excellent earnings and provide opportunities for growth, tempered by truck industry declines in the U.S. and Canada”... PACCAR’s total return to shareholders over the last four quarters was 56 percent compared to 16.5 percent by the S&P 500 during the same period... (Photo from Business Wire: The Peterbilt Hybrid 335 is estimated to achieve a 30 percent improvement in fuel economy)
* UAW strikes against International
Chicago,Ill,USA -Land Line Magazine -October 24, 2007: -- About 4,000 United Auto Workers in six states went on strike against International Truck and Engine Corp. Tuesday afternoon, Oct. 23, claiming the company has unfair labor practices... ITE is a unit of Navistar International... The Dow Jones Newswire quotes a company official as saying the unfair labor practice charge is “totally unfounded”... The strike comes after the UAW contract expired on Oct. 1, and negotiations failed to produce a new agreement...
Chicago,Ill,USA -Land Line Magazine -October 24, 2007: -- About 4,000 United Auto Workers in six states went on strike against International Truck and Engine Corp. Tuesday afternoon, Oct. 23, claiming the company has unfair labor practices... ITE is a unit of Navistar International... The Dow Jones Newswire quotes a company official as saying the unfair labor practice charge is “totally unfounded”... The strike comes after the UAW contract expired on Oct. 1, and negotiations failed to produce a new agreement...
Labels: truckmakers' news USA
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