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TRUCKMAKERS' NEWS * WORLDWIDE
* Germany - VW's light truck sales to Russia up 78 pct in '08
Frankfurt,Germany -Associated Press/The International Herald Tribune -January 29, 2009: -- Car and truck maker Volkswagen AG said Thursday it had increased its light truck sales to Russia by 78 percent in 2008 despite the economic downturn... The Wolfsburg-based company said it had delivered 10,500 Caddy and T5 vans and Crafter delivery trucks. In 2007, VW delivered 5,905 such models... Volkswagen said its most sold truck in Russia was the T5 transporter van, which saw a 66 percent increase in sales last year to 5,406 vehicles. (Photo Crafter from Volkswagen)* USA - Paccar rises after the truck maker tops estimates
New York,NY,USA -Associated Press/FORBES -30 Jan 2009: -- Paccar Inc. shares climbed sharply Friday despite a broad-based downturn in the broader market, after the maker of Peterbilt and Kenworth trucks reported fourth-quarter earnings that beat Wall Street's expectations... However, Paccar's sales decreased 24 percent to $2.62 billion from $3.43 billion. Analysts expected sales of $2.77 billion... "The average cost of these commodities has reduced by approximately one third compared to the levels during the commodity price bubble in 2008," Tom Lundahl, vice president of purchasing, said in a statement... Paccar also credited strong European sales and the efficiency of its dealer network for its earnings...* USA - GM weighs deal with Isuzu for truck line
Detroit,Mich,USA -Reuters, by Carol Bishopric -Jan 30, 2009: -- General Motors Corp and Japan's Isuzu Motors are discussing the sale of GM's medium-duty commercial truck business, the Flint Journal said on Friday... The newspaper said the deal would keep production of medium-duty trucks at the current GM facility in Flint through the end of 2014, quoting unnamed sources... The newspaper quoted UAW Vice President Cal Rapson as saying that while the sale of the plant was not "a done deal," the UAW and GM had signed a memorandum of understanding that would allow the transaction to move forward... GM issued a statement in response to the report saying that it was continuing to review its options for the Flint-based production line that makes the GMC TopKick and Chevrolet Kodiak commercial trucks... The truck models are widely used as cargo haulers, dump trucks and in work fleets...
Labels: truckmakers news worldwide
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