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TRUCKMAKERS' NEWS * WORLDWIDE
* Germany - Car and truckmaker Volkswagen 2009 net income declines 80 percent to $1.3 billion
Frankfurt,Germany -The Associated Press/ABC News -February 26, 2010: -- Germany's Volkswagen AG, Europe's largest carmaker by sales, said Friday its net income for 2009 fell 80 percent to euro960 million ($1.3 billion) from nearly euro5 billion in 2008... The drop came as revenue fell 8 percent, to euro105.2 billion from nearly euro114 billion a year earlier, even though deliveries to customers were up 1.3 percent year-on-year at 6.34 million vehicles from 2008... Volkswagen's brands include Audi, Seat, Bentley and Skoda. It is also a major shareholder in two of Europe's largest truckmakers, MAN SE of Germany and Scania AB of Sweden... (AP Photo/Matthias Rietschel - In this Feb. 23, 2009 file picture a VW logo of German car maker Volkswagen stands in front of the Glossy Manufacture plant in Dresden, German, in which Volkswagen assembles their premium model Phaeton)
* Czech Republic - Truck makers stall in '09. Tatra chief executive describes last year as 'disastrous' for the truck manufacturing industry
Prague,Czech Republic -The Prague Post, by Philip Heijmans -February 24, 2010: -- Czech truck maker Tatra announced an estimated 2.6 billion Kč ($138 million) drop in sales for 2009 compared with the year before - a 45 percent decrease. Tatra Chief Executive, Ronald Adams, told The Prague Post that 2009 was "disastrous" for truck makers... Heavy truck sales in Europe were down 44 percent in 2009 according to a market analysis by auto interest group Verband der Automobilindustrie (VDA). New truck registrations dropped 55 percent in the Czech Republic for 2009 compared with 2008, according to PricewaterhouseCoopers, with domestic production down 60 percent and German production down 66 percent, the lowest in more than 30 years... (Photo from autocorse: Tatra truck)
* Europa - January truck sales fell 12.3 percent
Paris,France -Reuters, by Helen Massy-Beresford & Dan Lalor -Feb 26, 2010: -- New commercial vehicle sales in the European Union fell 12.3 percent in January for their 21st consecutive monthly decline, industry association ACEA said on Friday. The commercial vehicle market, which unlike the passenger car sector has not been helped by scrapping incentives, plunged into a steep downturn when the economic crisis hit... The market shows signs of stabilising but executives do not expect a rapid recovery... New light commercial vehicle sales fell 5.2 percent in January across European Member states, with France and Italy the only markets to show growth, of 7.5 percent and 21.8 percent respectively... Heavy truck registrations fell 43.5 percent, with only Lithuania and Sweden -- home to truckmakers Volvo and Scania -- performing slightly better, ACEA said... Registrations of trucks over 3.5 tonnes fell 40 percent... Bus and coach registrations fell 30.9 percent... France, Sweden, Italy, Ireland and Portugal were the only countries to start the year with gains in commercial vehicle registrations, ACEA said... January 2010 was the first month in which ACEA published data for the European Union as a whole, and not for the EU15 and the EU10 countries separately. ACEA said it would also report a total for EU member states plus EFTA countries, but that data for Malta and Cyprus was unavailable...
* Russia - KamAZ Begins Truck Production In India
Kazan,Tatarstan,Russia -Radio Liberty --February 26, 2010: -- Russia's KamAZ manufacturer says it has begun manufacturing trucks in India in a joint venture with the India-based Vectra Group... Tatar Prime Minister, Rustam Minnikhanov, KamAZ CEO Sergei Kogogin, and Vectra Group President,Ravi Rishi, took part in a ceremony marking the plant opening in the southern Indian city of Hosur on February 25... The Russian-Indian joint venture KamAZ Vectra Motors plans to produce 5,000 trucks per year at Hosur...* Europa -Trailer demand takes a beating
Brussels,Belgium -Fleet Owner (VA,USA), by Brian Straight -Feb 16, 2010: -- A new report from consulting group CLEAR highlights what toll the economy has taken on the trailer market in Europe... According to CLEAR, who counts among its clients component manufacturers, vehicle manufacturers, investment banks, management consultants, materials producers and governments, the European trailer market has seen a 50% drop since 2008, eclipsing by nearly 20% the drop experienced during the 1992-93 recession... The West European Trailer Market Report points out that companies have plenty of “new equipment, which they can easily forgo renewing for year or two. For many firms, trailer production was down by 80% at the start of 2009”...
Labels: truckmakers news worldwide
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