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TRUCKMAKERS' NEWS * WORLDWIDE
* EUROPE - Renault Trucks to boost share of shrinking market
London,UK -Road Transport, by Julian Milnes -16 February 2009: -- Renault Trucks is aiming to increase its market share by 1% despite predicting a tough year overall for heavy commercials, with the market declining by a third in 2009. Commercial director Nigel Butler is determined for Renault to grow its market share by 1% to 6.2% in the six-tonne-plus sector in the face of challenging market conditions... The issue is compounded by a pool of excess vehicles left over from 2008... Butler feels Renault Trucks is in a better position than most regarding excess vehicles as it went to significant lengths to control the order book from its dealer network as far back as 2007 in an effort to manage wayward lead times... The credit crunch has replaced lead times as the main concern for manufacturers, and, as last year drew to a close, sales dropped as customers lost confidence in spending. Shifting last year's stock means providing strong marketing initiatives...
* Germany - Daimler Has EU1.53 Billion Loss on Recession
Stuttgart,Germany -Bloomberg, by Chris Reiter -Feb. 17, 2009: -- Daimler AG, the world’s second- biggest maker of luxury cars, reported its first quarterly loss since 2007 on declining sales and costs from Chrysler LLC and said the recession will burden earnings further this year... The fourth-quarter loss was 1.53 billion euros ($1.93 billion) compared with year-earlier net income of 1.7 billion euros, Stuttgart, Germany-based Daimler said in a statement today. Analysts had predicted a 227 million-euro deficit... Daimler suffered as the European economy contracted the most in 13 years in the quarter, helping to push revenue down 12 percent to 23.2 billion euros...
* Germany - Daimler, Face Losses in German Auto Slump
Stuttgart,Germany -Bloomberg, by Chris Reiter -Feb. 16, 2009: -- Daimler AG, the maker of Mercedes- Benz trucks and cars, may report its first quarterly loss since selling Chrysler LLC... Daimler, the world’s biggest truckmaker and No. 2 to BMW in luxury cars, likely lost 227 million euros ($290 million) in the fourth quarter compared with net income of 1.76 billion euros a year earlier, according to analysts surveyed by Bloomberg News... German automakers may deepen job cuts and plant closures after European car sales plunged 27 percent in January to the lowest since at least 1990, the sharpest drop in a nine-month decline, said Cantor Fitzgerald analyst Stephen Pope... A loss for Stuttgart-based Daimler would be the first since the third quarter of 2007, when earnings were wiped out by 2.6 billion euros in costs from the sale of Chrysler. The company is scheduled to report numbers tomorrow...
* Belgium - DAF to cut 800 jobs
Brussels,Belggium -AFP/The Straits Times -Feb 17, 2009: -- Dutch truckmaker DAF will slash its work force in half at its Westerlo factory in northern Belgium, cutting 873 jobs, trade union leader Luc Hendrickx said on Monday... The company will probably announce the move on Tuesday, added Hendrickx of the Christian CSC union... A DAF spokesman told the Belga news agency that he could not confirm the number of lay-offs but admitted that job cuts would be made...
Labels: truckmakers news worldwide
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