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TRUCKMAKERS' NEWS * WORLDWIDE
* Japan - Truck makers may skip motor show
Tokyo,Japan -The Japan Times/Kyodo News -Feb. 21, 2009: -- Japan's four biggest truck makers are considering skipping the 2009 Tokyo Motor Show this fall, industry sources said Thursday... Isuzu Motors Ltd., Hino Motors Ltd., Nissan Diesel Motor Co. and Mitsubishi Fuso Truck and Bus Corp. are trying to reduce expenses and distance themselves from the show as sales continue to plunge amid the global economic slump, the sources said... The U.S. Big Three — General Motors Corp., Ford Motor Co. and Chrysler LLC — have already decided not to go to the show, along with Sweden's Volvo, a Ford subsidiary... In contrast, Porsche AG and Renault SA plan to attend, the sources said... Japan Automobile Manufacturers Association Chairman Satoshi Aoki, who doubles as chairman of Honda Motor Co., suggested at a news conference that the chief organizer may have to scale the show down...
* Germany - European Stocks Have Worst Week Since December
Munich,Germany -Bloomberg, by Daniela Silberstein -Feb. 21, 2009: -- European stocks posted the biggest weekly drop in two months, sending the Dow Jones Stoxx 600 Index to the lowest level since March 2003, as concern grew the economy will deteriorate further and companies from Daimler AG to Cie. de Saint-Gobain SA reported disappointing earnings... Daimler dropped 15 percent. The automaker reported its first quarterly loss since 2007 on declining sales and costs from Chrysler LLC and said shrinking car markets will impose “substantial burdens” on earnings this year...
* Japan - Isuzu Shares Fall to Lowest Level in Almost Six Years
Tokyo,Japan -Bloomberg, by Makiko Kitamura -Feb. 23, 2009: -- Isuzu Motors Ltd., Japan’s largest maker of light-duty trucks, fell to the lowest level in almost six years as demand in Eastern Europe plummets... Isuzu’s net loss will probably total 15 billion yen ($161 million) for the year ending in March, compared with an earlier forecast for a 40 billion yen profit, Isuzu said on Feb. 6. The Tokyo-based truckmaker expects operating profit of 9 billion yen, down from an earlier forecast of 60 billion yen... Labels: truckmakers' news worldwide
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