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TRUCKMAKERS' NEWS * EUROPE
* Volvo Truck wins Europe’s toughest trade test
London,UK -Easier Motoring -5 Dec 2007: -- The truck industry’s most demanding test – the 1,000 Point Test – is carried out every year by the European motoring trade press with the aim of comparing the market’s range of long-haul trucks with each other,,. The test lasts four days and covers everything from fuel consumption and engine performance to safety and in-cab comfort. The results of the 2007 test have just been released and “We are proud of course.” says Claes Nilsson, President Europe Division of Volvo Trucks, adding, “The fact that we won for the second consecutive year shows that the Volvo FH is perhaps the market’s best long-haul truck”... The 1,000 Point Test is arranged every year by German truck magazine ‘Lastauto Omnibus’ together with commercial vehicle journalists from other European countries. The vehicles participating in the test are similarly specified, driven over the same test route with all measurements and comparisons meticulously supervised...* Italy - Fiat Building a Commercial-Vehicle Plant in Russia
Turin,Italy -Edmunds Inside Line (USA) -6 Dec 2007: -- Italian automaker Fiat has started building a $100 million plant in Russia for the production of light commercial Iveco Daily vehicles. The announcement is another sign that stagnant demand in Western European markets is forcing truckmakers to look eastward... The plant, named Saveko, is the fruit of a joint venture set up in June between Fiat's truck-making unit Iveco — which holds 51 percent — and the Russian industrial group Samotlor-NN. It is now under construction in Semenov, in Russia's Nizhny Novgorod region... (Photo courtesy of Iveco: Fiat joint venture in Russia will build the Iveco Daily (pictured) in three body styles for the Eastern European market)
* Germany - MAN benefits from credit turmoil
Munich,Germany -MSNBC, by Richard Milne -Dec. 7, 2007: -- MAN, the German truckmaker, has become an unlikely beneficiary of the credit squeeze as for the first time the leasing rates it offers its truck customers are more attractive than those offered by big banks... MAN has a leasing business worth €2.5bn ($3.7bn) and it provides a leasing agreement for just less than a quarter of its trucks...Labels: truckmakers news worldwide
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