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TRUCKMAKERS' NEWS WORLDWIDE * EU truck makers: Stimulus plan is not enough
European truck makers called on EU governments Wednesday to give them more money to survive the credit crunch...
Brussels,Belgium -The Associated Press/The International Herald Tribune -December 10, 2008: -- ... EU leaders start two days of talks on Thursday on a €200 billion ($257 billion) plan to bolster growth as several European nations slide into recession. That includes €4 billion ($5.1 billion) in loans for car makers to help them develop cleaner vehicles that release less greenhouse gas... But Andreas Renschler, the head of Daimler AG's truck division and the chairman of the EU commercial vehicle manufacturers' group, said that does not go far enough and additional measures were still needed to tackle the crisis and relieve the credit crisis... The group plans to reduce trucks' average fuel consumption by 20 percent by 2020. But the industry warns that the cost of refitting factories to make cleaner models is hard to bear when they are making less money... Trucks, vans and buses saw sales slip 17 percent in October from a year ago. Sales in the first ten months of the year are down 5 percent compared to the same period in 2007... Renschler said he spoke for commercial vehicle makers Scania AB, Man AG, Volkswagen AG, AB Volvo, DAF Trucks and Iveco SpA...
* USA - Mack to Lay Off 180 Plant Workers
Allentown, Pa.,USA -Transport Topics -10 Dec 2008: -- Mack Trucks will lay off 180 employees at its factory near Allentown, Pa., The Associated Press reported Wednesday... Citing economic conditions, the company said the layoffs will take effect Dec. 23, when the plant will temporarily stop production, as it usually does, AP said. The reduced staff will return to work Jan. 12... The truck manufacturer employees about 680 trucks at its Pennsylvania plant...
Labels: truckmakers' news USA
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