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TRUCKMAKERS' NEWS WORLDWIDE * Germany - Daimler in talks to buy stake in Kamaz
Stuttgart,Germany -Reuters, by Hendrik Sackmann -July 25, 2008: -- Daimler AG, the world's biggest maker of commercial vehicles, is in talks to buy a 42 percent stake in truckmaker Kamaz as a way to boost sales in the fast-growing Russian market... Russia is now Europe's largest truck market and Kamaz is the top player, with a market capitalization of nearly $4 billion. It builds nearly three quarters of the country's dump trucks and about half of its other large cargo vehicles... Reuters had earlier cited a source familiar with the situation as saying that Daimler planned to take a stake in Kamaz, seizing opportunities in the Russian truck market more quickly than it could by setting up its own production...
* China - Daimler, Foton to Sign Truck Venture Deal in 2 Weeks
Beijing,China-Bloomberg, by Tian Ying -July 28, 2008: -- Daimler AG, the world's biggest truckmaker, and Beiqi Foton Motor Co. will sign a preliminary agreement to form a commercial-vehicle venture in China within two weeks as the country's trade growth spurs truck demand... The venture, based in Beijing, will make Mercedes-Benz trucks, Foton vehicles and Mercedes-Benz engines, said a Foton official, who declined to be identified...
* India - Leyland to develop new truck platform
Mumbai,India -Reuters -28 July 2008: -- Ashok Leyland Ltd., India's No. 2 bus and truck maker, said on Monday it was developing a new range of trucks for global markets, as it takes on greater competition from local and foreign rivals... Leyland, which has ventures with Nissan Motor Co., for light trucks, engines and components, will begin the rollout of a new range of "Unitruck" 16-49 tonne trucks from 2010, it said... These trucks will meet the demand for various applications in local and global markets, it said, and also feature a new family of 6-cylinder engines...
Labels: truckmakers' news worldwide
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