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TRUCKMAKERS' NEWS * USA - Oshkosh down, Navistar, BAE up on contract ruling
Chicago,ILL,USA -Reuters, by James B. Kelleher & John Crawley & Gunna Dickson -Dec 14, 2009: -- Shares of U.S. specialty truckmaker Oshkosh Corp tumbled as much as 18 percent on Monday after a U.S. watchdog sustained a protest of the company's contract win to build trucks for the U.S. Army... Shares of rivals Navistar International Corp and BAE Systems, meanwhile, rallied after the Government Accountability Office (GAO) said the challenge they mounted to Oshkosh's summer victory was valid in key areas of procurement practice... The GAO, the investigative arm of Congress, recommended that the Army re-evaluate the selection and terminate the contract to Oshkosh if the company is found "to not offer the best value". The Army has 60 days to respond to the GAO findings... Analysts value the deal at around $2 billion... Oshkosh was awarded the contract to build up to 23,000 vehicles and trailers in August. The protests were lodged the following month...
* USA - Mack Trucks records another month of weak sales
Greensboro,N.C.,USA -The Morning Calls -December 16, 2009: -- The lackluster economy continues to hurt demand for Mack Trucks' rigs, as the company recorded yet another month of fewer deliveries compared with the same time a year ago... Mack produced 1,019 trucks in November, which is 256 fewer than the same month a year ago, the company said Tuesday. The company is on a pace to have one of its lowest production years in at least a decade. Through November, Mack has produced 9,967 trucks so far this year, which is 34 percent less than the same time in 2008... Mack doesn't produce trucks on speculation like automakers, so deliveries represent actual customer orders... Mack Trucks spokesman, John Walsh, said the economic environment is improving, but new truck sales remain low due in part to customers underutilizing their existing vehicles... (Photo from wikipedia.org: Mack Granite, in Australia)
Labels: truckmakers news USA
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