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TRUCKMAKERS NEWS * WORLDWIDE - Volvo sees Asia truck sales surge
Stockholm,Sweden -The Financial Times (UK), by Andrew Ward -March 24, 2010: -- Volvo, the world’s second largest truckmaker, highlighted the uneven pace of global economic recovery on Wednesday when it reported a surge in demand across Asia and South America offset by continued decline in Europe and North America... The Swedish manufacturer, viewed as a bellwether for the industrial sector, recorded its first month of year-on-year growth in February since before the 2008 financial crisis, with an 11 per cent increase in truck sales... (Photo from roadtransport/big-lorry-blog: Eicher/Volvo high roof truck)
* Sweden - Volvo’s new construction truck
Sodertalje,Sweden -HGV (UK) -March 23, 2010: -- Volvo Trucks has confirmed that it will be introducing an important new truck at BAUMA 2010 Construction Show in Munich – the Volvo FMX... The FMX has been designed specifically for heavy on/off-road tasks within the Construction segment... Volvo Trucks has been producing construction trucks since 1928. Today, however, the Volvo FMX marks a new phase towards further specialisation...* India - Overseas truck makers pull out India roadmaps
Mumbai,India -Exim -24 Mar 2010: -- Overseas truck producers are sensing a major market in India, particularly companies like Paccar, Scania and Iveco... The domestic truck segment is growing at 28 per cent to 2.1 lakh units and is expected to touch 5 lakh units by 2015 after having pulled out of the 2009 depression... Truckmakers, such as Tata Motors, Ashok Leyland and Mahindra & Mahindra are looking optimistically at better sales this year, triggered mainly by accelerated industrial activity and improved consumer financing... Indeed, even Daimler, the world’s largest truckmaker, plans to invest Rs 4,400 crore over five years to expand production in India... (Photo from biglorryblog: A Mahindra/Navistar truck)
* India - Tata Motors to Help Set Up Myanmar Heavy-Truck Plant
Mumbai,India -Bloomberg, by Vipin V. Nair -March 22, 2010: -- Tata Motors Ltd., India’s biggest commercial-vehicle maker, will help set up a factory in Myanmar to build heavy trucks in a project funded by the Indian government... The plant, due to begin production in about a year’s time, will have an annual capacity of 1,000 vehicles. Myanmar Automobile & Diesel Industries Ltd. will operate the factory, it said... Tata Motors isn’t making any investment in the plant, Debasis Ray, a company spokesman, said by phone. The factory will build Tata-branded trucks, he said... (Image from roadtransport: new Tata truck)
* China - Sinotruk’s First-Quarter Sales Rise
Hong Kong,China -Bloomberg/Transport Topics -25 March 2010: -- Sinotruk (Hong Kong) Ltd., China’s biggest heavy-truck maker, said its sales rose “significantly” this quarter after higher government spending on infrastructure spurred demand... China’s 4 trillion yuan, or $586 billion, government stimulus package bolstered demand for commercial vehicles, which helped Sinotruk’s net income to rise 10% to 965 million yuan, or about $141 million, last year... The full-year outlook for 2010 may be affected by changes in government policy and potential higher inflation... Sinotruk will start selling buses this year to improve profitability, Bloomberg said, citing the company... (Photo from sinotruk: Howo Sinotruk's logo)Labels: truckmakers news worldwide
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