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TRUCKMAKERS' NEWS WORLDWIDE *Japan - Toyota To Apply Fuel-Cell Technology to Long-Haul Trucks and Buses First
USA -Truck Trend, by Benson Kong -April 20, 2009: -- Toyota continues pushing ahead with its fuel-cell program and is looking to market a fuel-cell vehicle in 2015. The alternative fuel technology will likely be applied first to long-haul trucks and buses before hitting passenger vehicles available for mass consumption. Toyota has leased more than 60 FCVs in Japan and the U.S. for preliminary testing and R&D since 2002, and another 14 units are planned for 2009. The FCVs are mainly modified Highlander SUVs (see photo) ,and city buses. In the Aichi prefecture alone are eight fuel-cell-powered buses... With six years remaining on Toyota's path to introducing a marketable retail FCV, the Japanese automaker is looking to achieve a 90% cut in costs, a 50% to 100% increase in power density and stack durability, a reduced platinum usage to 90% of current levels, and a widening of the operating temperature range from -22 F to 221 F...* USA - Caterpillar Sees First Loss in 17 Years - Restructuring costs from layoffs hit net, company slashes forecast
Peoria,Ill,USA -The Journal of Commerce, by Thomas L. Gallagher -Apr 21, 2009: -- Caterpillar lost $112 million in the first quarter after a restructuring charge of more than half a billion dollars. The world's largest maker of construction and mining equipment also lowered its forecast as the recession gave signs of depressing sales for the rest of the year... The company’s first loss since 1992 was primarily due to charges of $558 million, which reflected elimination of approximately 25,000 jobs in response to lower volume caused by the worldwide recession. Excluding the charges, Caterpillar said it earned 39 cents a share in the first quarter. Expectations for the rest of the year were down sharply from earlier guidance of $2.50 per share to $1.25, the company said. Last year in the first quarter, Caterpillar earned a net profit of $922 million... Revenue fell 22 percent to $9.2 billion in the first quarter. Sales in the first quarter dropped 46 percent in Europe, Africa and the Middle East. Citing a “high degree of uncertainty” in the world economy, Caterpillar said it expects sales of $31.5 billion to $38.5 billion for the full year... (Photo courtesy Caterpillar) Labels: truckmakers' news worldwide
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