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TRUCKMAKERS' NEWS * USA
* Navistar Keeps On Trucking
Warrenville,Ill,USA -Forbes (New York,NY), by Melinda Peer -28 May 2008: -- Truck and engine maker, Navistar, roared through analysts' full-year estimates, projecting record growth despite a weak North American truck market... On Wednesday, Navistar International projected 2008 sales of more than $15.0 billion on account of increased market share and increased shipments. The guidance exceeded the mean estimate of analysts polled by Thomson Financial for full-year sales of $13.0 billion... The Warrenville, Ill., based holding company's subsidiaries make commercial and military trucks, buses, chassis and diesel engines...
* Volvo unsure '08 US truck market will improve
USA -Reuters, by Nichola Groom & Peter Henderson -May 28, 2008: -- Some in the industry, including diesel engine supplier Cummins Inc and truck maker Navistar International Corp, have said the market will rebound in the latter half of 2008 as truckers buy equipment in anticipation of new clean- air rules that go into effect in 2010... Volvo, which has about 15 percent of the U.S. truck market, is not as optimistic... Still, Lorentzson said the company would not cut prices to spur sales... But he did not know whether there would be a price increase this year... Nevertheless, Volvo is resigned to the fact that high oil prices are now a fact of life...
Labels: truckmakers' news USA
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