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TRUCKMAKERS´ NEWS * WORLDWIDE
* Germany - Daimler Says Abu Dhabi Investment Will Provide Cash Advantage
Stuttgart,Germany -Bloomberg, by Chris Reiter & Stefanie Haxel -March 23, 2009: -- Daimler AG, the second-largest maker of luxury cars, said the sale of a 9.1 percent stake to an Abu Dhabi investment fund gives it an advantage over rivals that have yet to seek additional cash as automotive markets shrink... Daimler raised 1.95 billion euros ($2.66 billion) selling new shares to Aabar Investments PJSC. The money will be used to finance fuel-saving technology such as development of battery- powered vehicles... * India - Ashok to stay at half capacity
Mumbai,India -The Financial Times (London,England,UK), by Joe Leahy -March 23 2009: -- Ashok Leyland, India's second largest truckmaker, expects to keep most of its factories operating at half capacity until at least the second half of this year in the face of a worsening downturn... R. Seshasayee, the group's managing director, called on the government to implement long-delayed infrastructure plans to help India's once burgeoning heavy vehicle and construction industry weather the downturn... The problems gripping the Indian truck manufacturing sector, one of the most important industries in a country that depends on road transport to move the bulk of its freight, are an indication of the deepening slowdown afflicting the wider economy...
* Japan - Vehicle Sales May Fall to a 32-Year Low on Recession
Tokyo,Japan -Bloomberg, by Naoko Fujimura -March 24, 2998: -- Japan’s vehicle sales may fall to the lowest in 32 years as the country’s deepening recession discourages customers from visiting showrooms... Industrywide sales of minicars, cars, trucks and buses, may fall 8 percent to 4.3 million vehicles for the year starting April 1 from estimated 4.67 million this fiscal year, the Japan Automobile Manufacturers Association said in a statement today...
Labels: truckmakers news worldwide
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