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TRUCKMAKERS' NEWS WORLDWIDE
* Europe - Volvo, Scania Miss Profit Estimates, Cut Truck Output
London,UK -Bloomberg, by Chad Thomas & Marco Bertacche -Oct. 24, 2008: -- Volvo AB, the second-largest maker of heavy trucks, and Scania AB reported lower-than-anticipated earnings and said they'll cut production after industrywide European sales fell for a fifth straight month... Volvo plunged the most in at least 19 years in Stockholm trading. The Gothenburg, Sweden-based company won just 115 European orders in the third quarter, down from 41,970 a year earlier... Soedertaelje, Sweden-based Scania slipped 8.9 percent to a four-year low... Scania said today third-quarter profit rose 3.6 percent, also less than analysts had anticipated, as European customers become more cautious in ordering new equipment. The company plans to adjust production "in light of lower overall order bookings and higher inventories". Third-quarter orders fell 30 percent... MAN AG, Europe's third-largest truckmaker after Daimler AG and Volvo, said Oct. 10 it plans to reduce its workforce and cut production. Paccar Inc., the maker of Kenworth and Peterbilt trucks, is cutting production at its DAF Trucks unit in the Netherlands and is forecasting declining European sales in 2009... The Iveco truck unit of Fiat SpA, was the manufacturer's only division yesterday to report a decline in third-quarter sales. Revenue fell 6.2 percent to 2.4 billion euros, hurt by a 26 percent drop in deliveries in Europe. Iveco cut production of its best-selling Daily truck model at its Suzzara, Italy, plant by about 10 percent in July. Fiat forecast the European truck market will contract 3 percent this year...
* USA - Mack delivery figures down - But September stats are among the best in recent months
Allentown,PA,USA -The Allentown Morning Call, by Tyrone Richardson -October 25, 2008: -- September truck delivery numbers for Mack Trucks were at one of its highest points in recent months, but down 22 percent compared with the same month a year ago. Mack spokesman John F. Walsh said the continued souring economic conditions have forced readjustments to this year's projections... He said that the heavy-duty truck market in North America now is expected to decline by approximately 10 percent compared with a year ago... In September, Mack delivered 1,417 trucks, its fourth-highest monthly tally for the year so far. Through September, Mack has delivered 12,468, a 6.7 percent drop compared with the first nine months of 2007...Labels: truckmakers news USA
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