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TRUCKMAKERS' NEWS WORLDWIDE
* Japan - Isuzu Cuts Back Thailand, Russia Expansion on Demand
Tokyo,Japan -Bloomberg (Tokyo,Japan), by Naoko Fujimura and Tetsuya Komatsu -Dec. 16, 2008: -- Isuzu Motors Ltd., Japan's largest truckmaker, scrapped expansion of pick-up truck production in Thailand and delayed a plan to build heavy duty trucks in Russia next year as the global recession saps vehicle demand... Isuzu may also delay making diesel car engines for Toyota Motor Corp. from 2012, President Susumu Hosoi said in an interview in Tokyo on Dec. 10...* Sweden - Volvo truck shipments, orders hit by downturn
Stockholm,Sweden -Reuters, by Niklas Pollard & Victoria Klesty -Dec 16, 2008: -- World number two truckmaker Volvo said on Tuesday deliveries had tumbled 21 percent year-on-year in November and that its order book was shrinking rapidly amid a sharp market contraction... Volvo, whose brands include Renault, Nissan Diesel and Mack as well as its own name, said deliveries fell 42 percent in its biggest market, Europe, and 22 percent in North America... In total, Volvo delivered 19,326 trucks in the month... Europe's heavy-duty truck industry has seen demand plunge from high levels in recent months as a withering financial crisis has pushed a growing number of export markets into recession and made funding for potential purchasers difficult...
Labels: truckmakers' news worldwide
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