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TRUCKMAKERS' NEWS * WORLDWIDE
* India - Volvo buys stake in Eicher Motors
Sweden -Commercial Motor (UK), by Ollie Dixon -11 December 2007: -- Volvo is to acquire 8.1% of Indian truck manufacturer Eicher Motors and will form a $350m (£170m) joint venture with a view to exploiting what is now the world's fourth largest truck market... This ends months of speculation, with Volvo and Daimler courting Eicher. Daimler had been regarded as the preferred bidder but Volvo has paid what many analysts regard as an inflated price, leaving Daimler - also keen to leverage itself into the mass Indian truck market - likely to announce a deal with the Hero Group before the end of the year...
* Sweden - Volvo invests in a company that builds hybrid forestry trucksStockholm,Sweden -AutoBlogGreen (USA), by Sam Abuelsamid -Dec 3, 2007: -- You might not equate vehicles used for clearing forests with environmentally friendly technology. Nonetheless Swedish manufacturer El-forest AB has developed a hybrid drive truck for hauling logs out of the forest. Volvo has bought a stake in the company to help advance the cleaner, more efficient lumber haulers. El-forest is scheduled to deliver the first of the hybrid trucks to Sveaskog in 2008...
* USA - Volvo Trucks to cut hands to come out of recessionDublin,Virginia,USA -AP/Pravda (Russia) -7 Dec 2007: -- Up to 650 people working for Volvo Trucks North America will be cut next month at its Dublin plant in southwest Virginia... The layoffs are the second round since November 2006, when about one-third of plant's 3,170 work force was let go. Many of those workers were rehired, and the plant now has 970 workers, Volvo spokesman Jim McNamara said in an e-mail Friday... The 2008 layoffs, which will occur at the end of January, are permanent, he said... (Photo by www.siouxcitykenworth.com: Volvo Trucks)
* Netherlands - DAF Trucks to lift production
Netherlands -The Associated Press/Automotive World, by Glenn Brooks -6 December, 2007: -- Paccar says it will increase production at its DAF Trucks subsidiary by five percent in the first quarter of 2008 in response to continued strong sales in the Western and Central European truck markets... Wachovia CVs analyst Andrew Casey as saying the increase in European production should help offset expected continued North American production declines... Paccar has indicated that prebuying of Paccar trucks in North America in 2009, ahead of more stringent emissions standards set to take effect in 2010, may yet prove to be lower than originally expected...
* Germany & Japan - Mitsubishi Fuso Truck and Bus Corporation (MFTBC) acquires equity positions in two leading Indonesian truck companies Stuttgart,Germany & Kawasaki,Japan -Auto Spectator (USA) -Dec 03, 2007 -- Mitsubishi Fuso Truck and Bus Corporation (MFTBC), an integral part of Daimler Trucks, today announced that it has acquired equity positions in P.T. Krama Yudha Tiga Berlian Motors (KTB) and P.T. Mitsubishi Krama Yudha Motors and Manufacturing (MKM), two leading Indonesia truck and automotive companies. The transaction underlines MFTBC´s commitment to Indonesia, which is the company´s largest market outside Japan... Mitsubishi Fuso is the leading commercial vehicle brand in Indonesia, with over 50 percent market share. Over the past five years, MFTBC has sold more than 175,000 units in this market...
* India - Tata sells 5000 mini trucks in Colombo,Sri Lanka -The Economic Times (New Delhi,India) -3 Dec, 2007: -- Tata Motors on Monday said it has sold 5000 vehicles of its Tata Ace mini-truck in Sri Lanka... Sri Lanka was the first country outside India where the Tata Ace was launched after successfully competing domestically with the prevalent three-wheeler goods carriers in India from other automakers...
* India - Tata Motors to Invest 1.3 Billion Baht in Thai Plant
Bangkok,Thainland -Bloomberg, by Rattaphol Onsanit -Dec. 6, 2007: -- Tata Motors Ltd., India's biggest truck and bus maker, will invest 1.3 billion baht ($43 million) in a Thai factory to produce pickup trucks as economic growth boosts the country's demand for vehicles... Production will start in March, with Tata targeting sales of 5,000 vehicles within the first year, Ajit Venkataraman, chief executive officer of Tata's Thai unit, told reporters in Bangkok today...
* India - M&M for alliances in passenger vehicles, trucks
New Delhi,India -The Economic Times -7 Dec, 2007: -- The Mahindras may be on the lookout for more alliances, both in passenger vehicles as well as in trucks and buses. Mahindra & Mahindra, which already has a joint venture with Renault for the Logan sedan and with International (a subsidiary of American truck maker Navistar) for commercial vehicles, may forge further alliances to get a larger global footprint... As for trucks, he said, the arrangement with Navistar is exclusive. “So M&M can’t forge any other alliances but Mahindra International can,” said Mahindra & Mahindra president (automotive sector) Pawan Goenka... * USA - Hino Trucks Goes Live With Firepond to Enable Error-Free Configuration, Pricing and Quoting for a More Effective Sales Process
USA -CNN Money -December 06, 2007: -- Firepond, Inc. announces that Hino Trucks, the U.S. distribution arm of Hino Motors Ltd., goes live with its Firepond CPQ OnDemand multi-tenant application... Firepond's application at Hino Trucks is fully integrated with salesforce.com's sales force automation and partner relationship management applications... This integrated solution is used by over 165 dealers -- providing Hino Trucks with complete real time visibility into the entire lead to fulfillment sales process...Labels: truckmakers' news
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