Berlin,Germany / Stockholm,Sweden -M & C News, by Andrew McCathie and Lennart Simonsson -Apr 27, 2011: -- The recovery in Europe's new commercial vehicle market is gaining ground with year-on-year registrations bounding ahead by 9.7 per cent in March and two leading truck makers on Wednesday reporting a surge in profits... Releasing its latest commercial vehicle data, the Brussels-based European automobile association (ACEA) said first quarter new registrations raced ahead by 14.7 per cent to 499,456 units, compared with the same period last year... The ACEA data showed commercial vehicle registrations in the region's biggest markets rising strongly during the first quarter. This included a 30.9-per-cent rise in Germany, a 30-per-cent increase in Britain and a 11.6-per-cent gain in France... The increases were more marked in the Baltics, with total new commercial vehicle registrations soaring by a staggering 321.6 per cent and by 302.8 per cent during the first three months of the year. Sales were up 112 per cent in Estonia... While registrations in Greece plunged by 56 per cent, Portugal recorded a 9.2-per-cent drop and Ireland, a 1.1-per-cent decline. All three nations have moved to tap the European Union-lead bailout fund to help their meet their debt commitments...
* Germany - Daimler Trucks makes great strides in Q1
Stuttgart,Germany -Truck & Business (Belgium), by Claude Yvens -29 April 2011: -- The Daimler Trucks division made a substantial contribution to the positive results of the Daimler AG holding company during the first quarter. Sales increased by 27% to 89,300 units, thanks in particular to Western Europe and North America. The profitability of the division was also strongly up. For the rest of the year, and with the exception of the high degree of uncertainty in Japan, Daimler has an order book which has increased by double figures in Europe and Latin America, and even increased by a factor of four in North America...
* Germany - MAN SE Profit Rises as European, Brazilian Truck Demand Gains
Munich,Germany -Bloomberg, by Andreas Cremer - May 3, 2011: -- MAN SE (MAN), Europe’s third-largest truckmaker, said first-quarter operating profit more than doubled on higher demand from freight transporters and construction companies... Earnings before interest and tax gained to 325 million euros ($482 million) from 128 million euros a year earlier, MAN said today in a statement. Sales climbed 19 percent to 3.7 billion euros... MAN expects 2011 revenue to advance from 7 percent to 10 percent and forecast the operating margin this year will rise by at least one percentage point, the company reiterated... (Photographer: Guenter Schiffmann/Bloomberg)
* China - Truck maker signs investment MOU with India
Beijing,China -Xinhua -May 1, 2011: -- China's leading truck manufacturer Beiqi Foton Motor announced Saturday that it has signed a Memorandum of Understanding (MOU) with India's Maharashtra state government to manufacture trucks in India... The plant will be a comprehensive producing body and mainly produce heavy and light trucks according to the demand of local market, said Wang Shuguang, heading Beiqi Foton Motor's public relations... The location of the plant has not been finalized and could be in Mumbai or Pune with several options available, said Wang... Situated in China's capital city Beijing, Beiqi Foton Motor sold more than 600,000 vehicles in 2009 as the largest in the world... (Photo: India's truckers)
* China - Volvo and Scania Focus on Special-purpose Vehicles
Beijing,China -The China Daily, by LI FANGFANG -2 May 2010: -- The world’s second-largest truck maker Volvo Group, which exited a failed joint venture project with China National Heavy Duty Truck Group Co last year, also said that they were now focusing on China’s booming construction machinery market through its acquired local company Shandong Lin’gong Construction Machinery, and a manufacturing tie-up with China’s Dongfeng Motor Group which it took over from Nissan Motor... With China’s high-end, heavy-duty truck market not expected to boom for at least 10 years, global truck makers are now seeking opportunities in China’s special-purpose vehicle segment in hopes of grabbing a foothold in the world’s fastest growing economy... “Although our major business in China still targets imports of heavy-duty trucks for logistics, we also have had breakthroughs in fire-fighting vehicles in the last two years,” said Mats Harborn, managing director of Scannia China, the local branch of Swedish commercial vehicle producer under Volkswagen AG...
* South Korea - Hyundai enters Chinese commercial vehicle market
Seoul,S. Korea -Gasgoo (China) -May 03, 2011: -- Hyundai will enter the Chinese commercial vehicle market, the world's largest, by producing trucks and buses in China starting in 2013... The Korea automaker signed an agreement to establish a joint venture company with China's Sichuan Nanjun Automobile Group. The 50-50 joint venture, Sichuan Hyundai, will be established later this year in Ziyang City. It will initially use Nanjun Auto's existing facilities, and the completion of a new plant will enable Sichuan Hyundai to annually roll out up to 150,000 trucks and 100,000 buses... China's commercial vehicle market is expected to expand from 4.3 million units in 2010 to 5.2 million units in 2015. Hyundai aims to sell 73,0000 commercial vehicles in China this year and expand to 160,000 units around 2015, for a market share of three per cent... (Photo from i01.i.aliimg: It is the manufacturer for HYUNDAI commercial vehicles in China.)
* Sweden - Volvo, Scania ride upturn, Q1 margins top forecasts
Stockholm,Sweden -Reuters, by Niklas Pollard and Johannes Hellstrom -Apr 27, 2011: -- Volvo and Scania, two of Europe's biggest truck makers, underscored the sharp rebound in the global truck market on Wednesday and reassured investors worried over cost pressures with forecast-beating margins... Volvo, the second-biggest truck maker after Germany's Daimler AG, said orders for its trucks rose 40 percent and raised its 2011 market outlook for both Europe and North America to between 230,000 and 240,000 units from 220,000... The results showed the upturn has gained momentum in the North American market, which was hardest hit by the global financial crisis. This is boosting Volvo, while the brunt of Scania's business is in Europe and South America... Scania, majority-owned by Volkswagen AG and which is in merger talks with MAN SE, also saw firm demand, though it struck a more cautious note about its key European market, where sovereign debt-related turmoil is tempering demand in some areas... (Photo from dipietrotrucking: DiPietro Trucks Volvo Condos)
* Russia & Belarus - Talks on link-up between truck makers to begin this week
Minsk,Belarus -Naviny.By -4 May 2011: -- A delegation of KamAZ executives will arrive in Belarus on May 5 to begin negotiating a possible link-up between the Russian truck maker and the Minsk Automobile Factory (MAZ)... Speaking to reporters last month, KamAZ CEO, Sergei Kogogin, said that merging KamAZ and MAZ would take “quite a long time” because of the need to carry out full audits of the two entities... The Belarusian government said earlier this year that it would like a joint holding company to have 49-percent stakes in both MAZ and KamAZ... The final decision will be made at the highest governmental level because MAZ is fully owned by the state, he said... Speaking to reporters on March 4, MAZ Director General, Alyaksandr Barowski, said that the enterprise was interested in a link-up with another truck giant because it "cannot survive on its own" ... MAZ has held merger talks with Germany`s MAN and Italy`s Iveco, but has received no offers from them... (Photo from maz.ru: MAZ Baltiya - Vilnius)
* Philippines - Petrochem, truck makers press to keep protection
Manila,Philippines -Business World On Line -May 01, 2011: -- Manufacturers of trucks and petrochemical producers are pressing the government to keep the 15%-30% tariff rates slapped on similar imports from South Korea and China until rates are to drop to 0%-5% in 2016 and 2018, respectively... Instead of a planned gradual reduction of tariff rates under the Philippines’ free trade pacts with South Korea and China as a member of the Association of Southeast Asian Nations (ASEAN), the Association of Petrochemical Manufacturers of the Philippines (APMP) and the Trucks Manufacturers Association, Inc. (TMA) said keeping the prevailing rates in the meantime would give them time to prepare for the expected increased competition...Labels: truckmakers news China, truckmakers news worldwide
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