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TRUCKMAKERS NEWS WORLDWIDE
* USA - Daimler Truck Financial Will Handle Clean Truck Loans
Long Beach,CAL,USA -The Cunningham Report -6 July 2008: -- The Port of Long Beach has chosen Daimler Truck Financial to be the financing entity for the port's Clean Trucks Program, meaning that independent owner-operators and licensed motor carriers wishing to finance replacement and modernization of older trucks through a port grant will go through Daimler... According to the Clean Truck Program's billion-dollar financing plan approved in February, there are three options for owner-operators and trucking companies to acquire a new truck or retrofit equipment - a lease-to-own program, an up-front grant toward the purchase of a new truck, and an up-front grant for retrofits. The financing plan will subsidize up to 80 percent of the cost of a new truck, but to take advantage, grantees will have to meet certain eligibility requirements, plus agree to scrap their older, polluting trucks...
* India - Daimler-Hero JV to start in 2010, make 70,000 trucks
New Delhi,India -ClickJobs, by Immanuel -7 July 2008: -- The Rs 4,400 crore Hero-Daimler joint-venture project to build commercial vehicles will come up in Tamil Nadu. A memorandum of understanding (MoU) under the name Daimler Hero Motor Corporation (DHMC), will be signed on Monday... The manufacturing plant, which will initially focus on light and medium commercial vehicles, is likely to be established in a more than 1,000-acre campus. It will be an integrated manufacturing facility and will commence operations from 2010, with an initial production capacity of 70,000 trucks per year...
* India - Price of trucks will raise
New Delhi,India -MotorTrend Magazine Forums (Corona, CA,USA) -6 July 2008: -- Truck majors like Tata Motors and Ashok Leyland are going for a price hike, third since January, they are learnt to have resisted any price hike from component players that supply tipper and body parts to the commercial vehicle makers... Truck have been under pressure for the last few months, especially the higher tonnage vehicles, such as concrete mixture, Tipper, trailer, tractor, tank etc... The last two months (April and May) saw light commercial vehicles grow by 9%, while the medium and heavy CVs (passenger carriers) fall by 5%. Lack of finance and high interest rates have seen many fleet operators postpone purchases, sources said. They indicated that truck manufacturers are being forced to cut production or maintain flexibility in the manufacturing line, so that inventory pile-up does not take place...
Labels: truckmakers' news worldwide
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