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TRUCKMAKERS NEWS WORLDWIDE * Sweden - ‘Renault sells Volvo this year’
“I absolutely believe that Renault will sell its shares in Volvo this year", auto industry analyst says as speculations intensify
Stockholm,Sweden -The Swedish Wire, by Johan Nylander -12 May 2010: ... France’s second-biggest automaker is in need of cash. Therefore it will sell its stakes in Swedish Volvo, the world’s second biggest truck maker, as soon as possible, according to several Swedish and British auto industry analysts... Speculations whether Renault was gearing up to sell its stake intensified as the French carmaker concluded a deal with Volvo’s rival Daimler to jointly develop cars... The most likely potential buyer is current Volvo owner investment group Industrivärden. Also Christer Gardell’s Violet Partners LP may be a likely suitor...* UK - A £67 million tender has been issued by Transport for London, for the supply of up to 1,300 electric and hybrid vehicles
London,UK -Transport Engineer -10 May 2010: -- UK capital set for electric vehicle revolutionWhile 70% of the funding is for passenger vehicles carrying up to eight people, the remaining 30% are split into four categories: electric scooters and motorbikes; vehicles with more than eight seats, but weighing less that 5 tonnes; European category N1 goods vehicles under 3.5 tonnes; and European category goods vehicles in the 3.5 to 12 tonne range... Smith Electric Vehicles offers products that fit into three of the four categories and, as a result, reckons it will be bidding for a total of around £22 million worth of electric vehicle orders... Kevin Harkin of Smith Electric Vehicles says the tender will provide a huge boost to Britain's electric vehicles industry... (Picture from roadtransport: Smith's electric truck)
* India - Mahindra to sell first Indian-made vehicle in US
India -AFP -May 14, 2010: -- Auto maker Mahindra & Mahindra is set to become the first company to sell an Indian-made vehicle in the US market, a report says... In an interview with the Wall Street Journal, Pawan Goenka, president of Mahindra's auto and farm-equipment operations, said the company would launch a compact diesel pickup truck in the United States by the end of the year... The 2.2-litre, four-cylinder vehicle will be assembled in India before being exported and is being promoted as a “no-nonsense” truck for work and play, Goenka said... For the first four months of this year, US sales of small pickups have been flat, but Mahindra expects growth in the compact-truck segment from 240,000 sold last year to at least 300,000 by 2011... Goenka said Mahindra expected to capture between five and seven percent of the market in its first year of full production... (Photo by ARKO DATTA/REUTERS: An employee works at an assembly line in the production of "Maxximo" a light commercial vehicle, at a new plant of Indian automaker Mahindra and Mahindra)* India - GM India to Add China-Developed Light Trucks on Urban Growth
Halol,Gujarat,India -Bloomberg, by Subramaniam Sharma -May 14, 2010: -- General Motors Co.’s India unit plans to introduce light trucks developed in China by the end of 2011 as economic development and expanding cities spur road haulage in the world’s second-most populous nation... GM has access to low-cost vehicles, including minivans that sell in China for as little as $4,000, after injecting India operations into a 50-50 venture with Shanghai-based SAIC Motor Corp... In India, GM eventually plans to make light trucks, which has the capacity to build 85,000 vehicles a year. Initially, production will take place in Talegaon in Maharashtra state at a factory that makes models including Chevrolet Beat cars and Tavera sport- utility vehicles... The engine plant will have an initial capacity of 160,000 units a year, which may later be raised to 300,000, Slym said... (AP Photo/India GM Pictures: In this Oct. 30, 2009 file photo, a man walks through a parking lot occupied by Chevrolet Cruze models at a local joint manufacturer with Shanghai GM in Shengyang, in northeast China's Liaoning province. General Motors Co. turned over majority ownership of its biggest China joint venture to its local partner on Friday, Dec. 4, 2009, and the two companies announced they will jointly make and sell vehicles in India)* India - Tata Motors plans assembly plant in South Africa
Mumbai,India -The Economic times, by Ruchita Saxena -13 May 2010: -- India's largest truck maker Tata Motors is setting up an assembly unit in South Africa for a range of vehicles... Since 2005, Tata Motors has sold over 39,000 passenger cars and 50,000 commercial vehicles in South Africa... Currently Tata Motors offers 20 commercial vehicles and 6 passenger car models in South Africa and even runs a technical centre for skill development for dealers and their team at Johannesburg... (Photo from topnews: Tat -Motors India's plant)
* Germany - Mercedes Benz predicts Euro-6 price hike
Stuttgart,Germany -Road Transport (UK), by Andy Salter -13 May 2010: -- Mercedes-Benz has become the latest truck manufacturer to issue a warning over a massive price hike for new trucks in 2013 when the Euro-6 emissions legislation comes into effect... The new emissions law will come into force on new vehicle types from January 2013 and on all new vehicle registrations 12 months later. Harmful exhaust gases such as nitrous oxides and particulate matter will be substantially reduced compared to Euro-5, although nothing has been done to tackle CO2 output... The effort required to meet this new legislation will lead to European truck manufacturers investing €8bn in new technology and engines to meet the regs, says Mercedes - its bill alone will be more than €1bn... As well as the new vehicle price hike - estimated by Mercedes at 10% - operators will face a fuel efficiency penalty as a result of Euro-6, which in some cases could be as much as 6%. Merc is tight-lipped about the impact its planned new range of engines will have on operating efficiency, although a 1%-2% increase is expected... (Photo from s40.radikal.ru)
Labels: truckmakers' news worldwide
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