TRUCKMAKERS' NEWS * WORLDWIDE
* Brasil - New Global Truck Maker, NC2, Launches Operations in
Sao Paulo,SP,Brasil -Business Wire -20 October 2010: ... NC2 Global LLC, the global joint venture between Caterpillar Inc. and Navistar International Corporation, has launched operations in Brasil, where it will assemble and distribute commercial trucks under both the International® and Cat® brands... The company will invest approximately US$200 million in Brasil for purchases of equipment; research and development of new technologies; and the hiring and training of employees. Additional investment for construction of new assembly plant will be the subject of a future announcement... For short-term production, NC2 has assumed responsibility for the current Navistar operation in Caxias do Sul (RS), which has an agreement to develop and produce trucks with NC2 technology in one of the industrial units of Agrale, a Brasilian truck and tractor maker. NC2 will invest US$10 million in expanding the assembly line at this existing plant, with plans to create 150 jobs in the plant by 2011...
* USA - EPA, Truck Makers Tout 'Clean Diesel' as Greenhouse Gas Standards Loom
New York,NY,USA -The New York Times/Greenwire, by GABRIEL NELSON & JASON PLAUTZ -October 19, 2010: ... The trucks that were on the market in 1988 produced about 60 times more particulate matter than the new trucks that meet EPA's 2010 emissions standards, truck makers say, and much of those reductions were driven by the agency's clean-trucks program. The program has produced about 13 times more public health benefits than costs, said Margo Oge, director of the agency's transportation and air quality division... With lawmakers threatening to restrict EPA's regulatory authority, the achievement speaks to the agency's ability to solve problems with regulation, said Richard Kassel, an attorney at the Natural Resources Defense Council who led a campaign for cleaner school buses in New York City... Earlier this year, President Obama directed EPA and the Department of Transportation to set the first-ever fuel efficiency standards for medium- and heavy-duty trucks. In a memorandum signed in May, Obama called on the agencies to work on a joint rulemaking with the aim of issuing a final rule by July 30, 2011...
* Sweden - Volvo 3Q Revenue Seen +29%
Stockholm,Sweden -NASDAQ (USA) -20 October 2010: -- As usual, the truckmaker's order intake is in focus, according to analysts, especially how truck orders have developed sequentially. Eyes on operating cash flow and any revisions of outlook for the North American and European truck markets. In its 2Q report, the company said it expected production to increase gradually and a favorable earnings trend, forecasting 10% truck market growth in Europe and 20%-30% in North America for FY 2010. Profitability is expected to continue to improve as a result of greater sales figures and the substantial cost reduction measures implemented in 2009...
Labels: truckmakers' news worldwide
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