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TRUCKMAKERS' NEWS * WORLDWIDE
* Sweden - Volvo's Never-Ending Sales Spiral
Stockholm,Sweden -Forbes (USA), by Javier Espinoza -20 May 2009: -- The truck maker says April sales plunged for the eighth consecutive month - expect more declines to come... Volvo is in a deep hole and can't get out. April marked the eigth consecutive monthly decline in sales at the Swedish truck maker that has been trying to wring out cost-savings by cutting around 21,000 jobs since the start of last year... The truck maker said it delivered 9,196 trucks in the month, down 63% from 24,616 in April last year, and marking a steeper decline than the 51% annual fall in the first quarter of 2009. Deliveries have been continuously dropping since September last year, when they dropped by a mere 8%, year-on-year... (Photo from ferbeminiatures: Volvo's logo)
* India - Tata Motors Surges to 8-Month High on Debenture Plan
Mumbai,India -Bloomberg, by Vipin V. Nair -May 20, 2009: -- Tata Motors Ltd., India’s largest truckmaker, rose to the highest in almost eight months in Mumbai after a credit rating company said the automaker plans to sell 42 billion rupees ($879 million) of debentures... The company, aiming to refinance a bridge loan taken to buy Jaguar and Land Rover, plans to issue the debentures in four tranches, Crisil Ltd. said in a statement dated yesterday on its Web site. The proposal eases concerns about fundraising for the Mumbai-based company, said Amish Shah, a Mumbai-based analyst...* Belgium - WABCO Introduces Intelligent Trailer Program: Further Enhances Electronic Braking and Air Suspension for Trailers
Brussels,Belgium -PRNewswire -May 19, 2009: -- WABCO Holdings Inc., a global technology leader and tier one supplier to the commercial vehicle industry, today introduced several breakthrough features in its Intelligent Trailer Program, further enhancing WABCO's electronic braking and air suspension functionalities while continuing the company's 10-year track record of technology leadership in electronic braking systems (EBS) and air management for trailers... As a result of the company's deep understanding of its customers' needs, WABCO's new Intelligent Trailer Program improves their daily operations through increased vehicle performance, safer operation, more efficient loading and unloading, and more cost efficient maintenance... As of 2008, WABCO has sold more than 843,000 trailer electronic braking systems worldwide... Labels: truckmakers news worldwide
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