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TRUCKMAKERS' NEWS WORLDWIDE
* Germany - Daimler sets size of bond at 1 billion euros
London,UK -Reuters -Mar 3, 2009: -- Daimler AG, the world's biggest truckmaker, has set the size of a planned two-year bond via a finance arm at 1 billion euros ($1.27 billion), IFR reported on Tuesday... BNP Paribas, Commerzbank, Citigroup and Unicredit have been appointed to manage the deal, IFR said...
* Germany - February truck orders collapse
Frankfurt,Germany -Reuters, by David Cowell -Mar 5, 2009: -- The market for German trucks plummeted in February, with new orders from abroad falling by 95 percent, VDA German Automotive Association said on Thursday... Van orders from abroad slumped 55 percent. Domestic orders for heavy trucks fell by 61 percent and by 8 percent for vans, VDA said... Many German truckmakers have already cut working hours and production in response to falling demand... VDA said production for vehicles of up to six tonnes were 65 percent lower while for those over six tonnes, output was down 68 percent...
* India - Ashok Leyland Feb sales drop, duty cuts help
Mumbai -Reuters -Mar 4, 2009: -- Sales by Indian commercial vehicle maker Ashok Leyland Ltd in February more than halved from a year ago as a sliding economy put a brake on industrial activity and the movement of goods... Sales of trucks and buses dived 57 percent to 3,245 units in the month, the firm said on Wednesday. But that was up a third from January after the government lowered factory gate duties... Earlier in the week, its rival Tata Motors reported a similar trend, with sales dipping an annual 25 percent in February, recovering some ground from a sharper 43 percent contraction in the month before...
Labels: truckmakers' news worldwide
posted by Unknown @ 7:37 PM
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