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TRUCKMAKERS NEWS * WORLDWIDE
* UK - HDNL orders 500 Sprinters worth £11m
Manchester,UK -Road Transport (UK), by Ian Tonkin -9 October 2009: -- The Home Delivery Network (HDNL) has ordered 500 Mercedes-Benz Sprinters in a deal that, based on current list prices, could be worth around £11 million... HDNL initially tested 26 medium-bodied and long-bodied 311 CDIs... The Sprinters have been fitted with steel mesh bulkheads, reversing sensors and fluorescent interior lights by Manchester specialist ATB, which also removed the passenger seats to improve access...* China - Truckmaker set to buy Hummer, $9.4 mln to be invested
Beijing,China -CCTV -10 Oct 2009: -- General Motors could sell its iconic Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon. Representatives of Sichuan Tengzhong Heavy Industrial Machinery Corporation have been in the US for the past nine days finalizing the deal with GM... Sichuan Tengzhong reached a tentative agreement with GM to buy the brand in June. The Chengdu-based company plans to invest 9.4 million dollars over five years... Tengzhong's CEO, Yang Yi, said if the sale goes ahead the company will keep Hummer's headquarters and operations in the US. He also outlined plans to invest in research and development of more fuel-efficient vehicles... (See video).(Photo: Attendees check out a Hummer at a car show in Chongqing, China, last year)* India - Tata Motors Offers $600 Million of Securities to Pare Debts
Mumbai,India -Bloomberg, by Philip Lagerkranser & Vipin Nair -Oct. 9, 2009: -- Tata Motors Ltd., India’s biggest truckmaker, plans to raise as much as $600 million selling securities as it strives to pare debts following the acquisition of Jaguar Land Rover... The Mumbai-based company it's seeking $300 million in the GDR sale... Tata plans to take advantage of demand for emerging-market stocks to help pare a 219 billion rupee ($4.7 billion) debt pile built up following its $2.5 billion purchase of Jaguar from Ford Motor Co. in 2008. The automaker has more than tripled this year in Mumbai trading, the best performance on the Sensex Index, helped by the debut of the Nano, the world’s cheapest car...Labels: truckmakers news worldwide
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