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TRUCKMAKERS' NEWS * WORLDWIDE
* USA - Daimler Plans More Freightliner Cuts in N.C. - Move Could Eliminate Up to 500 Jobs, Company Says
Charlotte,NC,USA -Transport Topics -9 March 2009: -- Daimler Trucks North America will cut production at two North Carolina manufacturing plants effective in May, due to “deteriorating economic and market conditions” and a “significant decline in new truck orders.”... The company said it notified state officials of the reductions, which could affect up to 500 jobs, following notification of union officials and employees... The affected facilities are the Cleveland, N.C., truck manufacturing plant and associated pre-delivery inspection facility, and the Gastonia, N.C., components and logistics plant... (Photo: Mont Holly plant)
* USA - Kenworth Hybrid Trucks Qualify for up to $12,000 in U.S. Federal Tax Credits
USA -TruckingInfo -11 March 2009: -- Purchasers of certain Kenworth medium duty diesel-electric hybrid trucks in the United States are eligible for a tax credit of up to $12,000, under a qualified hybrid motor vehicle credit available from the federal government... The U.S. Department of Treasury and Internal Revenue Service recently certified the tax credit eligibility of Kenworth T370 Class 7 and Kenworth T270 Class 6 hybrid trucks in both pickup and delivery and utility boom applications, when equipped with a Paccar PX-6 engine and an Eaton diesel-electric hybrid power system. The T370 qualifies for a $12,000 credit, the maximum for Class 7 hybrids. The T270 qualifies for a $6,000 credit, the maximum for Class 6 hybrids. The credit applies to Kenworth hybrid trucks built this year... (Photo: KW T370 Hybrid Utility 350)* USA - Corning to Provide Navistar with Emissions-Control Products for 2010
USA -TruckingInfo -11 March 2009: -- Corning Inc. and Navistar have signed a deal for Corning to provide Navistar with advanced diesel emissions-control products to meet the EPA diesel emissions regulations that go into effect Jan. 1, 2010. This multi-year agreement is for the supply of Corning emissions-control products for medium- and heavy-duty Navistar MaxxForce brand diesel engines... Corning is a supplier of advanced cellular ceramic substrates and diesel particulate filters for major manufacturers of gasoline and diesel engines and vehicles. The company developed the cellular ceramic particulate filter to remove soot from diesel emissions...
* Sweden - Volvo board withdraws management bonus proposal
Stockholm,Sweden -Reuters -March 4, 2009: -- World number two truckmaker Volvo said on Wednesday its board had decided to withdraw its proposal to raise the ceiling for bonus payments to top management in the face of fierce criticism... Volvo had proposed raising the ceiling for performance-based salary to 60 percent from 50 percent of fixed salary for 250 senior executives. The proposal sparked a wave of criticism in Swedish media since the company is in the process of cutting thousands of jobs to weather economic downturn... (Volvo Lastvagnar - Wikipedia) 
* Sweden - Truckmakers Set To Get Millions In EIB Loans
Stockholm,Sweden -Dow Jones, by Ola Kinnander -March 11st, 2009: -- In a much-needed injection of funds for Sweden's struggling auto sector, three of the country's automakers Thursday are expected to get approval from the European Investment Bank for EUR1 billion in loans, a senior bank official told Dow Jones Newswires... Truck makers AB Volvo and Scania AB are likely to get the go-ahead for EUR400 million each, the maximum amount the EIB can lend any single company in a year, he said...
* OPINION * UK - Truckmakers are suffering, but their future is not entirely bleak
London,UK -The Economist -Feb 12th 2009: -- If the car business is in meltdown, things are only marginally better for truck manufacturers. The results just posted by the two Swedish giants of the industry, Volvo and Scania, painted a picture of collapsing orders with little respite in sight. When Daimler, the world’s biggest truckmaker, and MAN, the fourth-largest, report next week, they are expected to confirm that the industry is facing one of the worst busts in its history... It was not supposed to be like this. Just 18 months ago the collective valuation of the world’s big truckmakers reached an all-time high, having doubled in less than two years. Some within the industry even suggested that it had achieved a “new paradigm” of stable, long-term growth, in sharp contrast to the violent cyclical swings of the past. The theory was that booming emerging markets, such as eastern Europe, South America, the Middle East and North Africa, would compensate for fluctuations in mature markets. A more disciplined approach to supply and pricing was also thought to have helped, and the convergence of regional emissions regulations over the next few years would, it was said, at last allow the biggest producers to realise scale economies that had previously eluded them... Finally, a further bout of consolidation will begin when liquidity eases. The first mover is expected to be Porsche, which now controls Volkswagen, which, in turn, is the largest shareholder in both Scania and MAN. Last month MAN completed the purchase of VW’s Brazilian truck business, and MAN’s chief executive, Hakan Samuelsson, is still keen to join forces with his former employer, Scania, having failed in a hostile bid in 2006. Smaller firms, such as Navistar in America and Fiat’s Iveco, could find themselves as targets... Truckmakers are unlikely to see a return to the heady expansion they enjoyed for a few years until 2007. HSBC reckons that the industry will be back to solid (if not sensational) growth by 2011, but that the ranks of big, developed-world truck firms will have been culled from ten in 2008, when Caterpillar pulled out, to just six: Cummins, Daimler, Hino, MAN, Paccar and Volvo...
* Russia - Slowdown signs: KAMAZ assembly line halted for 10 days
Tatarstan, Russia -Itar-Tass/Steel Guru -10 Mar 2009: -- Mr Vladimir Samoilov, the head of the company's information policy department, said that the main assembly line of the KAMAZ plant is halted for ten days. The assembly line will begin working on March 16th 2009... He added that the halt was caused by the situation on the domestic and world markets the demand for vehicles has dropped dramatically... Mr Samoilov said the plant has switched to a new schedule the assembly line will work only for concrete orders. There are few orders at present, and there is no sense to work for storing. The workers are in a satisfactory mood, and nobody has voluntarily quitted the job...Labels: truckmakers' news worldwide
posted by Unknown @ 10:35 AM
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