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TRUCKMAKERS' NEWS * WORLDWIDE
* Sweden - Volvo: Not As Bad As It Seems
Stockholm,Sweden -FORBES (London,UK), by Javier Espinoza -22 July 2009: -- Swedish truckmaker Volvo has been stuck in the mud recently: Sales have dropped almost 60%, order intakes have fallen 50% year-on-year, and it swung to an operating loss on Tuesday thanks to the sharp deterioration in consumer demand. But some are still positive on the stock... Analysts at Nomura expect an long-term improvement in the business, despite big demand drops in Volvo's leading markets... Nomura also said that Volvo's liquidity position has been enhanced thanks to undrawn credit lines... "We maintain that Volvo's geographical sales mix offers greatest exposure to those regions where demand should pick up first. Earnings momentum in 2010 and 2011 is likely to be the strongest in the peer group," Nomura said... On Tuesday, the world's second-largest maker of trucks said it saw signs of demand stabilizing, but it stuck to its previous forecast that the market for heavy trucks would drop by 30-40% in its North American market and by at least 50% in Europe... (Video from YouTube, by VolvoTrucks - 29 June 2009: "Volvo Trucks - North America The Value of Safety" At Volvo Trucks, safety isnt an option. Its our standard way of building the best—and safest—trucks on the road. Volvo Trucks has focused on vehicle safety since the earliest days of the company. And over the last 80 years, Volvo Trucks has been responsible for a long list of safety innovations. Most famously, Volvo Trucks invented the three-point seatbelt. In 1974, the first Volvo truck with safety belts as standard equipment was delivered to the US. It continues to be standard on every Volvo truck)
* Germany - Daimler's "Shaping Future Transportation"
Stuttgart,Germany -The Auto Channel -July 22, 2009: -- Shaping the future of transport on a sustainable basis is more than just an economic or technical challenge for Daimler and its well-known brands as the world's leading commercial vehicle manufacturer – it is a social responsibility. "Shaping Future Transportation" is the name of an initiative that takes a comprehensive approach to place the focus on both environmental aspects and safety... (Picture from roadtransport/big-lorry-blog: Brazilian MB's Actros 4844 eight-legger)
* USA - Augusta Resource Corporation purchases mine truck fleet for USD82.2m
Vancouver,BC,Canada -Trading Markets -July 22, 2009: -- Base metals company Augusta Resource Corporation declared on Tuesday that the company has entered into an agreement for the acquisition of 23, 250-ton Caterpillar 793F haulage trucks for approximately USD82.2m... (Picture from pjstar: Cat unveils new mining truck) 
Labels: truckmakers' news worldwide
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