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TRUCKMAKERS' NEWS * USA - MATS: Navistar unveils new generation ProStar
Louisville,KY,USA -Truck News (CAN), by Lou Smyrlis -25 March 2010: -- Navistar went through its ProStar Class 8 truck "with a fine tooth comb" and came up with enough improvements to warrant introducing a new generation of the top-selling truck, dubbed the International 2010 ProStar+... The new generation includes improvements to the truck's aerodynamics and a reduction in curb weight, as well as a number of improvements to the cab's interior... The truck is powered by the company's Advanced EGR MaxxForce 11 and MaxxForce 13 engines, which don't require liquid urea to meet the 2010 emissions regulations... (Photo from bluegrassinternational: ProStar)
* Truck maker Oshkosh wins dismissal of fraud suit
New York,NY,USA -Reuters, by Jonathan Stempel -March 31, 2010: -- Oshkosh Corp won dismissal of an investor class-action lawsuit alleging the maker of heavy trucks inflated its stock price by failing to write down a troubled Dutch acquisition fast enough... U.S. District Judge, William Griesbach, in Milwaukee said it was not credible to believe the company and its auditor, Deloitte & Touche, intended to defraud anyone about Geesink Norba Group, a garbage truck maker that Oshkosh bought in 2001 for $137.6 million, including $95.6 million of goodwill... Geesink suffered $40.8 million of losses over four and a half years starting in 2004 before Oshkosh finally announced a $175.2 million writedown on June 26, 2008. Oshkosh stock fell 33.5 percent that day, to $22.29 from $33.51... Griesbach dismissed the case against the Oshkosh, Wisconsin-based company with prejudice, meaning it cannot be brought again... Lawyers for the Massachusetts funds and for Deloitte did not immediately return calls seeking comment. Oshkosh Chief Executive, Robert Bohn, said the company is pleased with the ruling... (Photo from blogcdn.com/green.autoblog: Mc Neilus M5 refuse vehicle, with diesel-electric hybrid powertrain Oshkosh)
Labels: truckmakers news USA
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