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TRUCKMAKERS' NEWS * USA
* Illinois - Navistar betting on trucks powered by natural gas
(Photo by Chuck Berman/ Chicago Tribune - A Navistar truck at the company's Warrenville headquarters)
Chicago,ILL,USA -The Chicago Tribune, by Julie Wernau -February 1, 2012: -- Hoping to transform the trucking industry by moving it away from diesel fuel, truckmaker Navistar Inc. will begin offering natural gas powered vehicles this year across most of its platforms... The Lisle-based company announced the move Wednesday along with a partnership with Clean Energy Fuels Corp. for a widespread build out of natural gas fueling stations at Pilot-Flying J Travel Centers across the country... With diesel fuel prices around $4 per gallon and natural gas prices hovering at all time lows, Navistar is hoping to attract trucking companies desperate to counteract rising fuel prices... Navistar said its trucks would be available across Class 6 thru Class 8 vehicles at its approximately 800 dealer locations... The announcement is a major commitment from a major player in the trucking industry...* Navistar partners with T. Boone Pickens in natural gas fueled trucks
Chicago,ILL,USA -Crain's/Chicago Business, by Kate MacArthur -February 01, 2012: -- Navistar International Corp. has struck a partnership with oil and gas magnate T. Boone Pickens Jr. as part of a broad strategy to speed the shift of big rigs to natural gas... The truck maker, which has been under pressure by activist investor Carl Icahn, will adapt its existing line of medium- and heavy-duty trucks to burn liquid natural gas. It will work with Clean Energy Fuels Corp., which will provide a national system of fueling stations for them. Mr. Pickens is founder, chairman and the largest shareholder of Seal Beach, Calif.-based Clean Energy... Clean Energy plans to have 150 stations, many of them located in Pilot-Flying J Travel centers, with 70 stations open by the end of the year...
* Canada - Westport Shares Retreat Most Since October
(Photo: Westport HD 15L Engine HD natural gas)
Vancouver,BC,Canada -Bloomberg, by Matt Walcoff -February 01, 2012: -- Westport Innovations Inc., which develops technology for natural-gas engines, fell the most since October after Navistar International Corp.’s expansion plans spurred concern Westport will lose market share... Westport plunged as much as 8.9 percent after Navistar, the maker of heavy-duty trucks, said it will expand its offerings of models that use natural-gas engines. Shares of Vancouver-based Westport dropped 7.9 percent to C$38.34 at 3:49 p.m. Toronto time after closing at a 10-year high yesterday... Some Navistar trucks will use an engine developed by Westport and Cummins Inc., while others will have an engine Navistar is developing with Leyland, England-based Clean Air Power Ltd... Navistar, a truckmaker based in Lisle, Illinois, will continue to sell vehicles with an engine it developed with Emissions Solutions Inc. of McKinney, Texas...
* USA / Canada - Coming off record year, Volvo predicting "good, but choppy 2012"
(Photo: A Volvo F16 truck)
West Palm Beach,FLA,USA -Truck News, by James Menzies -Jan 26, 2012: -- Volvo Trucks is predicting a "good, but choppy 2012," coming on the heels of a banner year for the company, in which it grew its North American Class 8 retail market share nearly three points... Volvo, referencing WardsAuto Group data, indicated it grew its North American market share to 12.1% in 2011, a new high for Volvo and representing the largest gain of any OEM. Its Canada/US retail sales grew from 12,100 units in 2010 to 23,820 units in 2011. Meanwhile, penetration of its own engines and I-Shift automated transmission also reached new highs at 80% and 40% respectively... The strong year has instilled a little swagger into Volvo, which has traditionally been perceived as a modest brand... Volvo also attributes its recent success to its dealers, many of whom have increased their hours of operation to better service customers... And despite his optimism about the future, Huibers also noted the US consumer remains jittery...
* Washington - PACCAR's CEO Discusses Q4 2011 Results
(Photo: Peterbuilt 126)
Bellevue,WASH,USA -Seeking Alpha -31 Jan 2012: -- PACCAR reported record quarterly revenues and strong net income for the fourth quarter of 2011... Increased truck deliveries, higher aftermarket sales and growing Financial Services business worldwide contributed to PACCAR's increased profits. Our customers in North America are benefiting from increased freight tonnage and higher freight rates, which is generating good profitability for their business and enabling them to replace their aging fleets... In the U.S. and Canada, Peterbilt and Kenworth achieved a record Class 8 market share of 28.1%. Kenworth Mexicana achieved a record Class 8 market share of 45% in Mexico. Europe's 2011 industry registrations were up 33% compared to 2010, and DAF achieved a record 15.5% share in the above 15-tonne market...
* California - Enova and Freightliner Display Green for Free™ Vehicle
(Photo: Business WireSide View of Green for Free Full Electric Vehicle)
Torrance,CAL,USA -Business WirePress Release -Jan 26, 2012: -- Enova Systems, Inc., a leading developer of proprietary hybrid electric and all-electric drive systems and drive system components for the emerging green commercial vehicle market is pleased to announce that one of the first pre-production vehicles resulting from Enova’s and Freightliner Custom Chassis Corp’s recently announced Green for Free™ initiative. This Program is designed to allow fleet executives to operate full 100% electric commercial vehicles (EVs) for similar life cycle costs as those of diesel-powered commercial vehicles. The anticipated savings fleets are expected to realize from the reduced maintenance and fuel cost of electricity of the electric vehicles are used over a period of time to cover the incremental expense for the technology... This is the first Program that is engineered to eliminate the overall incremental costs associated with buying and operating an all-electric vehicle, making the Program attractive to fleets that are both large and small...* Wiscosin - Oshkosh reports 61% fall in Q1 net income
Oshkosh,WIS,USA -RTTNews/NASDAQ -2 Feb 2012: -- Oshkosh Corp., Tuesday reported first quarter net income attributable to the company of $38.9 million, or $0.42 per share, compared to $99.6 million, or $1.09 per share, in the first quarter of fiscal 2011... Consolidated net sales in the quarter were $1.88 billion, an increase of 10.5 percent compared to the prior year first quarter. Street view was for revenues of $1.86 billion...
Labels: truckmakers' news USA and Canada
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