![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCKMAKERS' NEWS WORLDWIDE * USA - Iconic Hummer brand sold to Chinese manufacturer
(In this June 1, 2009 file photo, Hummers sit on the lot at Tustin Hummer, a dealership in Tustin, Calif.
Detroit,MICH,USA -AP, by TOM KRISHER -9 Oct 2009: -- Hummer, the off-road vehicle that once epitomized America's love for hulking trucks, is now in the hands of a Chinese heavy equipment maker... General Motors Co. and Sichuan Tengzhong Heavy Industrial Machinery Corp. finally signed the much-anticipated deal for GM to sell the brand on Friday... Tengzhong will get an 80 percent stake in the company, while Hong Kong investor Suolang Duoji, who indirectly owns a big stake in Tengzhong through an investment company, will get 20 percent. The investors will also get Hummer's nationwide dealer network...
(AP Photo/Paul Sakuma - A Hummer is on display with a GM sign in background at a Hummer dealership in Burlingame, Calif.)
Financial terms were not disclosed, although a person briefed on the deal said the sale price was around $150 million. The person did not want to be identified because the terms were being kept private. ... GM and Tengzhong said in a statement that the transaction still must be approved by the U.S. and Chinese governments. Chinese regulators initially expressed reservations about Tengzhong's ability to run such an enterprise...
* India - Mercedes Benz India to launch three axle trucks
Kolkata,India -The Economic Times, by Debjoy Sengupta -9 Oct 2009: -- Mercedes-Benz India is slated to launch three-axle trucks in the next six months to a year... Nevertheless, the company hopes to sell about 240 trucks in India during 2009, which is tipped to translate in Rs 145 crore revenue for the company's trucks business. During 2008, the company sold the same number of trucks. It now feels the market will improve only in 2010 when a growth a likely to be witnessed in the truck segment... (Images gaadi.com: Mercedes launches Actros truck in India)
* USA - PACCAR Parts Unveils Convenient Centralized Billing for Truck Fleet Operators
Bellevue,WA,USA -Electric Light & Power -9 Oct 2009: -- PACCAR Parts has recently unveiled an enhanced fleet-service program that provides guaranteed, national pricing, customized reporting and centralized billing for fleet customers through Kenworth PremierCare(R) and Peterbilt TruckCare(R) services... Customers with trucks operating regionally or nationwide from a variety of locations can choose to receive one statement detailing invoices from all of their servicing PACCAR Parts dealers. Customers may also elect to receive regional statements or statements sent to their individual terminal locations... (Photo from hybridtruck.ne: Paccar commercial hybrid trucks)
Labels: truckmakers' news worldwide
posted by Unknown @ 6:09 AM
0 Comments:
Post a Comment
<< Home