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TRUCKMAKERS' NEWS * WORLDWIDE
* Germany- MAN Extends Truck Plant Closures Amid ‘Weak’ Demand
Munich,Germany -Bloomberg, by Andreas Cremer -Jan. 26, 2009: -- MAN AG, Europe’s third-largest truckmaker, will suspend commercial-vehicle production longer than planned to counter “weak” demand, a spokesman said... MAN’s commercial-vehicle unit plans to halt manufacturing for 70 days in the first half of the year. The step will affect about 9,400 workers at plants in the German cities of Munich, Nuremberg and Salzgitter... Heavy-truck sales in Germany, Europe’s largest economy, fell 17 percent in December while new registrations of all sizes of trucks and buses in Europe tumbled 24 percent, the European Automobile Manufacturers Association said Jan. 23, citing “the sharpest decline in demand” since 1993... (Photo, Wikipedia: This logo is on the front of all MAN trucks and buses. The lion comes from Büssing AG, a company that MAN acquired in 1971) 
* South Africa - Scania Trucks Boost Cape Commerce
Cape Town,South Africa -The Cape Business News -27 Jan 2009: -- Scania SA’s Cape Town dealer recently handed over no less than seven new Scania R-Series tractors to four eager operators. Five new Scania R470 tractors and two Scania R380 tractors were handed over on the same day... Joos Oberholzer owns Obie Transport, based in Upington and operating from Namibia, took delivery of the two R380 6x4 trucks... (Photo: Scania Ad Tonneau 1903)* Russia - Kamaz expects $46 million loss in 2009
Moscow,Russia -Reuters -Jan 26, 2009: -- Russia's largest truck maker, Kamaz, expects a net loss of 1.5 billion roubles ($45.59 million) in 2009 due to a sharp drop in demand and volatility on the currency markets, it said on Monday... Truck makers have been harder hit by the global financial crisis than most other segments of the auto industry... Their main clients in the construction industry have had to cancel large orders for trucks after banks began refusing loans for building projects... * India - Subbarao May Keep Indian Interest Rates on Hold at Record Low
New Delhi,India -Bloomberg, by Cherian Thomas -Jan. 27, 2009: -- India's central bank Governor Duvvuri Subbarao , who alone decides monetary policy, unexpectedly cut rates on Jan. 2 to coincide with Prime Minister Manmohan Singh's second fiscal stimulus package since December... Singh is also under pressure to prop up the economy and prevent companies from scaling back production and firing workers before general elections scheduled for April and May this year... Tata Motors Ltd., India's biggest truckmaker, stopped production at a commercial-vehicle factory for six days this month. Hyundai Motor Co.'s Indian unit is cutting output and firing temporary staff. Indian exporters said this month they expect to cut about 10 million jobs by March... * USA - Eaton’s Fourth-Quarter Income Declines
Cleveland,OH,USA -Transport Topics -26 Jan 2009: -- Vehicle parts manufacturer Eaton Corp. said Monday its fourth-quarter profit fell to $163 million, or 98 cents per share, from $256 million, or $1.71, a year earlier... For the full year, its overall net income rose 6% to $1.06 billion, while income per share was $6.52, down 1% from a year earlier. Sales rose 18% to a record $15.4 billion...Labels: truckmakers news worldwide
posted by Unknown @ 6:33 AM
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