TRUCKMAKERS' NEWS * WORLDWIDE
* Germany - MAN AG to Make More Cost Cuts After Profit Plunges
Munich,Germany -Bloomberg, by Andreas Cremer -Feb. 19, 2009: -- MAN AG, Europe’s third-largest truckmaker, said it will cut costs further and extend reductions in employees’ work hours after the recession and declining sales caused fourth-quarter profit to plunge by almost half... Net income declined to 177 million euros ($224.3 million) from 331 million euros a year earlier, the Munich-based company said today in a statement.... MAN will trim costs in production and management by 500 million euros, Chief Executive Officer Hakan Samuelsson said at a Munich news conference, adding that first- quarter business hasn’t improved on fourth-quarter figures...
* UK - BAE Says Obama’s Afghan Troop Buildup May Buoy Profit
London,UK -Bloomberg, by Sabine Pirone -Feb. 19, 2009: -- BAE Systems Plc, Europe’s biggest defense company, said Barack Obama’s plan to send 17,000 more troops to Afghanistan will extend a surge in demand for its armored trucks that helped boost profit 94 percent last year... The U.S. president’s plan to shift focus to the Taliban in the battle against terrorists may prompt a wave of orders for vehicles lighter than those used in Iraq as troops fight in more mountainous terrain, Chief Executive Office Ian King said today... BAE’s net income jumped to 1.75 billion pounds ($2.5 billion) from 901 million pounds a year earlier as the London- based company rode out the recession with sales of Bradley Fighting Vehicles, reinforced Humvees and bullet-proof vests. Earnings will increase again in 2009 as demand tied to the conflicts in the Middle East supplements longer-term projects in defense and aerospace electronics, King said...
* Japan - Daimler compensates truckers for increase in truck tolls
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* USA - Kenworth Workstation Option Added For Class 8 Models with Day Cab, Extended Day Cab
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* Sweden - Braking that makes cents
Stockholm,Sweden -Scania Social Media News Room -19 February 2009: -- Braking a heavy truck at any speed generates a huge amount of heat. Over time this can damage brake discs, pads and linings and compromise safety. The solution: Scania Retarder...
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Labels: truckmakers news worldwide
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