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TRUCKS' MARKETS * Europe - ACEA: 2009 truck sales fall 32.4 pct
Paris,France -Reuters, by Helen Massy-Beresford & James Regan -Jan 26, 2010: -- European commercial vehicle sales fell 32.4 percent in 2009, industry association ACEA said on Tuesday, but a smaller decline of 10.6 percent in December showed the market was continuing to stabilise... Truckmakers including Germany's MAN and Daimler , Sweden's Scania and Volvo , and Fiat brand Iveco have been hit hard by the crisis as the credit squeeze stifled truck purchases and the global economic downturn reduced demand for transporting goods... Truckmakers have not benefited from the scrapping schemes that have encouraged car drivers to trade in their old models for new, greener cars, propping up major carmakers and allowing the European passenger car market to record a drop of just 1.6 percent in unit sales last year... However, ACEA's data showed that the commercial vehicle market was continuing to stabilise...* USA - Truck maker eyes MENA region for growth
Warrenville,ILL,USA -Arabian Supply Chain -Jan 26, 2010: -- A US-based manufacturer of commercial trucks and engines said on Tuesday it was targeting double digit growth in the MENA region in 2010... Navistar Global Operations Corporation (Navistar) said it was aiming to take 15 percent market share in the region by 2015, as the company expands its manufacturing operations and strengthens its distribution network... The company said it sees "strong potential in the region's commercial vehicles market" and is pursuing opportunities in Abu Dhabi, Kuwait and Saudi Arabia in 2010... Navistar has invested heavily in truck and engine plants across the region, including a major plant in India, with production expected to commence this year. Research is also underway for two further assembly plants in the region...Labels: truckmakers news worldwide
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