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TRUCKMAKERS' * WORLDWIDE
* Germany - Volkswagen & MAN & Scania
Wolfsburg,Germany -Trading Markets -Dec 15, 2009: -- It is not likely that German carmaker Volkswagen AG, or VW, will merge partly-owned truck makers MAN SE and Scania AB, Danske Bank analyst Carl Holmquist told today Swedish newswire Nyhetesbyran SIX... At present, VW controls 29.9% of German MAN, as well as 45.7% of the shares and 70.9% of the votes in Swedish Scania... German daily Sueddeutsche Zeitung said today, citing knowledgeable sources, that VW plans to make a takeover offer for the remaining shares in MAN soon and will then evaluate the option of merging it with Scania... MAN currently holds 13.4% of the capital and 17.4% of the votes in its Swedish rival. This means that in case VW buys MAN it will control a total 59.1% of the shares and 88.3% of the votes in Scania... According to Holmquist, VW will be too busy integrating its recently acquired stakes in Japanese Suzuki Motor Corp and German sports car maker Porsche AG... Earlier in December, VW bought 19.9% in Suzuki and 49.9% in the core sports-car division of Porsche...
* USA - Report: Truck OEMs should follow Japan export model
New York,NY,USA -Fleet Owner, by Sean Kilcarr -Dec 15, 2009: -- Hefty export volumes combined with a growing focus on light- and medium-duty products are but two lessons a new report urges North American truck makers to absorb from their Japanese counterparts... The study from global research firm Frost & Sullivan, titled “Strategic Insights from the Japanese Commercial Vehicle Industry,” points out that studying Japanese truck OEMs reveals effective business planning insights and global growth strategies, as they’ve been dealing with a recessionary economy for over a decade... Sandeep Kar, global program manager-commercial vehicle research for Frost & Sullivan, noted that the population of commercial vehicles in Japan has declined 25% since 1992, with commercial vehicle sales in Japan falling steadily year over year since 1996. As a result, the average age of commercial vehicles in Japan continues to skyrocket. The average age of buses, for example, hit 15.6 years in 2009, an increase of 6 years from 1981, while the average age of commercial trucks reached 11.7 years; double the average age reported back in 1975... To balance out the dramatic and ongoing decline in domestic sales, Japanese OEMs export furiously, he explained. In 2008, exports claimed 49% of Japan’s total truck production—and that is projected to climb to 51% this year...* Sweden - Volvo’s low entry cab launch
London,UK -HGV UK -December 11th, 2009: -- Volvo Trucks has launched a UK and Ireland market specific low-entry version of its FE middleweight rigid... Designated the FE Low Entry Cab (LEC), the new truck is aimed at the waste collection and recycling sector – in particular, the carriage of domestic refuse delivered direct to a bulk transfer or recycling station... The Volvo FE LEC is configured around a 26 tonne GVW 6×2 rear-steer, tag-axle rigid chassis. Chassis layout is conventional and is available with the standard cab. Ninety five per cent of components are from the standard FE chassis – including key components such as mirrors, windscreen and cab panels... (Photo: Volvo low cab)* Sweden - Volvo Group Truck Sales Drop 37 Percent
Stockholm,Sweden -The Journal of Commerce Online, by William B. Cassidy -Dec 15, 2009: -- November sales show 'no clear signs of sustainable recovery,' Volvo says... Worldwide sales of Volvo Group trucks declined 37 percent year-over-year in in November and were down 7 percent from October, the company said... The Swedish manufacturer sold 12,175 trucks in November, compared with 19,326 in the same month last year... Heavy-truck sales bore the brunt of the decline, dropping 49 percent to 7,697 worldwide. At 2,310 units, medium-duty truck sales were up 12 percent, and light-duty truck sales rose 2 percent year-over-year to 2,169... In North America, where Volvo manufactures and sells Volvo and Mack Trucks, sales dropped 35 percent from a year ago to 1,617 vehicles... Mack sold 833 trucks in North America, a 13 percent decline, while Volvo Trucks sold 707 units, down 51 percent. A small number of Renault and Nissan Diesel trucks also were sold in North America...
* Sweden - Volvo To Field Combination Fuel Freight Trucks. New Development offers Cheaper and Cleaner Haulage
Gothenburg,Sweden -Handy Shipping Guide -16 December 2009: -- Volvo Trucks have announced they are to begin field testing next year of a truck that will run on a new dual fuel system which combines both diesel and methane gas. Volvo will be the first manufacturer to field such an engine, which promises great potential savings in emissions and fuels costs... The key to the new technology is Volvo’s breakthrough in using both fuel types in combination with a modified diesel engine. A truck with a spark ignited gas engine usually has a restricted range of operation of between 150 and 200 kilometres... By using a diesel compression engine the company’s research indicates that range can be increased by a further 50 percent and with the use of liquid natural gas range is doubled... With gas currently much cheaper than petrochemical fuels, the news that they may soon have a new option that is greener and cheaper for them will be welcome news to hauliers everywhere... * Czech Republic - Commercial Vehicle shuttering plant
New Albany,IND,USA -Business First of Columbus -December 16, 2009: -- Days after announcing plans to shut down an Ohio plant next year, Commercial Vehicle Group Inc. told investors it expects to shut down an overseas facility in the coming weeks... The New Albany-based truck parts maker said it will close down a 115,000-square-foot wire harness product facility in the Czech Republic by January. The operations will be folded into an existing plant in the country and no jobs will be cut as a result, the company said... Commercial Vehicle last week said it plans to close down a facility in Norwalk, about 100 miles north of Columbus, at the end of April and cost 120 people their jobs... The Norwalk closing comes as truck maker Navistar International Corp. chooses to shift the work to its own plant in Mexico. The Czech plant is going dark, Commercial Vehicle said, because of additional capacity amid a decline in volume... (Photo from CVG products: Pat interior)Labels: truckmakers news worldwide
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