TRUCKMAKERS' NEWS * WORLDWIDE
* Germany - Volkswagen Gears Up To Build Amarok Pickup In Argentina
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* USA - Oshkosh Q4 results top expectations, shares up
Detroit,MICH,USA -Reuters -Nov 3, 2009: -- Specialty truckmaker Oshkosh Corp reported stronger-than-expected earnings on Tuesday as strong sales of tactical vehicles to the Pentagon helped offset continuing weakness in construction equipment sales... Oshkosh, which makes fire trucks, concrete mixers and military vehicles, reported a fiscal fourth-quarter net profit of $140.3 million, or $1.68 a share, up from $53.7 million, or 72 cents a share, last year... Earnings from continuing operations fell to $52.4 million, or 63 cents per share, from $62.4 million, or 84 cents a share... Excluding tax and inventory benefits and $1.05 per share from discontinued operations, Thomson Reuters I/B/E/S said the company earned 27 cents per share, beating analysts' average forecast for 16 cents... Sales fell 20 percent to $1.49 billion...
* USA - Bulldogs keep entering Army service
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* USA - Navistar Acquires Engine Parts Business
Columbia,SC,USA -Transport Topics -3 Nov 2009: -- Navistar Inc. said that it has acquired certain assets of Continental Diesel Systems US... Navistar will establish a research and development facility for the diesel systems assets, for which it will create a new business unit, Pure Power Technologies, the truck and engine maker said in a statement Monday... Pure Power Technologies will manufacture fuel injection components of Navistar’s MaxxForce diesel engines. It will also serve as an “incubator” for technology related to MaxxForce engines, Navistar said... The new research and development facility will also be located in Columbia...
* Belgium - Wabco’s Third-Quarter Profit Falls
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* USA - FTR: Significant increase in October Class 8 orders
Nashville,IND,USA -The Trucker News Services -4 Nov 2009: -- FTR Associates has released preliminary data showing Class 8 net orders for all major North American OEM’s totaled 21,792 units in October, reflecting “a definite upsurge” in order activity... October’s order volume is a 104 percent increase over September and a 117 percent year-over-year increase. For the last three months, Class 8 orders were received at an annualized rate of 172,300, significantly better than early 2009. The figure includes orders for the U.S., Canada, Mexico and exports... FTR believes the increased order activity in October is “a temporary situation” that may actually take orders away from early 2010, so the forecast for next year remains very conservative, pending economic activity to support solid orders going forward...
Labels: truckmakers' news worldwide
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