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TRUCKMAKERS' NEWS * USA - Navistar to Buy GM’s Medium-Duty Truck Business
Chicago,Ill,USA -Transport Topics (Alexandria,VA) -20 Dec 2007: -- General Motors Corp. and International Truck and Engine Corp. said Thursday they have reached tentative agreement for International’s parent company Navistar Corp. to buy GM’s medium-duty truck business... Under the plan, Navistar would buy GM’s medium-duty truck business and the rights to manufacture GMC and Chevrolet brand vehicles in the class 4-8 gross vehicle weight range, and the related service parts business... The agreement is a step in GM’s plan to sell automobiles and light trucks globally, and would utilize Navistar’s strengths in commercial trucks and engines, and advance its strategy to build scale and reduce costs, the two said...* GM CEO Wagoner says company is positioned to weather tough 2008
Detroit,Mich,USA -The Canadian Press -20 Dec 2007: -- ... "I'm glad we did all the stuff we did because frankly, the competitive conditions, the economy, obviously the discussions around the fuel economy regulations, certainly highlight that there's plenty of stuff to work on in front of us," GM CEO Rick Wagoner said... On Thursday, GM tentatively agreed to sell its medium-duty truck business to a unit of truck maker Navistar International Corp. The sale, which involves a division that builds vehicles used as tow trucks, for example, is part of GM's plan to focus on building and selling passenger cars and pickup trucks... GM, he said, continued to produce poor cars and rely on truck sales when signs were pointing to the market shift...
* Mack Trucks' deliveries drop 49 percent
Allentown,PA,USA -The Allentown Morning Call, by Spencer Soper -December 21, 2007: -- Figures slumping only in North America. Sales in Asia, South American enjoying robust growth... Mack Trucks' deliveries continued their slump in November, dropping 49 percent from the same month in 2006, its parent company Volvo AB reported Thursday... But the market forces behind the weak truck demand have changed since earlier this year, when new emissions standards caused truck deliveries to plummet. Slow housing construction and freight demand are now to blame for the weak demand, which Mack expects to continue into 2008... Mack delivered 1,539 trucks in November, down from 3,016 in the same month last year. Mack deliveries are a direct representation of demand for its trucks. The company does not manufacture trucks on speculation, but responds to orders from dealers...
Labels: truckmakers' news USA
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