![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCKMAKERS NEWS * WORLDWIDE
* Germany - Volkswagen may build vans with MAN
(Photo: VW Crafter open door resized)
Hanover,Germany -Reuters, by By Andreas Cremer/David Cowell -Mar 14, 2012: -- Volkswagen, Europe's biggest carmaker, is forging closer ties between its van division and MAN to give it the strategic option to build light commercial vehicles with the German heavy-truck manufacturer... An agreement between VW and Daimler to build the so-called Crafter van at a Daimler plant in the western German city of Duesseldorf will expire in 2016... VW may decide not to extend that pact and develop the Crafter's successor model with MAN, Wolfgang Schreiber, head of VW's van division told reporters on Wednesday... Daimler had offered to extend the agreement with VW as well as to tie VW into its alliance with French car maker Renault. The Sprinter van of Mercedes and VW's Crafter share the same technology platform... 
* Sweden - Volvo Said to Hire Banks for 1 Billion-Euro Refinancing Credit
Gothenburg,Sweden -Bloomberg News, by Patricia Kuo -March 13, 2012: -- Volvo AB, the world’s second- largest truckmaker, hired banks to arrange a 1 billion-euro ($1.3 billion) credit line to refinance a deal maturing next year, according to two people with knowledge of the situation... Citigroup Inc., DNB ASA, HSBC Holdings Plc and Svenska Handelsbanken AB are arranging the five-year revolving credit that will replace a $1.4 billion pact signed in 2006, said the people, who declined to be identified because the deal is private... The company is offering to pay an initial interest rate of 85 basis points more than the euro interbank offered rate to draw funds under the credit line, said the people. It will also pay utilization fee ranging from 12.5 basis points to 50 basis points, the people said. A basis point is 0.01 percentage point...
* Argentine - Mercedes plant starts on latest Sprinter
(Photo: Unit #1 on display in the factory)
La Matanza,Prov. Buenos Aires,ARG -Just Auto (UK), by Graeme Roberts -9 March 2012: -- Daimler subsidiary Mercedes-Benz Argentina announces production launch of European Sprinter model at Buenos Aires plant... Sprinter to be introduced in Latin America market in May 2012... Daimler spends over EUR70m on the Argentine plant ... Mercedes-Benz Argentina has produced over 200,000 Sprinters in Buenos Aires. Mercedes-Benz Argentina has built around 500,000 commercial vehicles since opening in 1951. Around 17,000 units rolled off the production line for domestic and export sales last year...* South Africa - UD Trucks aims for big market share jump as it launches new Quon
* Germany - "Citan", new Mercedes-Benz urban delivery van undergoes winter testing
(Photo: Mercedes' Citan on freeze roads)
Arjeplog,Sweden - Auto-Media Info -March 13, 2012: -- In the small town of Arjeplog, Mercedes-Benz has set up its own test centre with workshops, offices and test tracks. It is hermetically sealed to keep out prying eyes... Here and on other test tracks on a nearby lake, on a challenging mountain route, as well as driving on public roads, the new Citan urban delivery van has had to prove its mettle... Tests focusing on cold start behaviour, the heating and ventilation, the seat heating and windscreen defrosting are par for the course in the Scandinavian winter... Every Mercedes-Benz has to earn the right to sport the three-pointed star by completing what is probably the most gruelling and most rigorous winter testing in the automotive industry...
* Russia - Moody's: Vehicle Makers Lose as Joins WTO
Moscow,Russia -Ria Novosty -March 15, 2012: -- Russia's accession to the World Trade Organization (WTO) will benefit domestic importers and exporters and retailers, but the country's machinery and equipment industries are likely to suffer, Moody's Investors Service said on Thursday... In Moody's view, companies such as Russian auto maker GAZ and country's largest truck maker KamAZ may be the most affected...
* Pakistan - Faw Motors – the only beneficiary of auto policy
Karachi,Pakistan -The Express Tribune, by Farhan Zaheer -March 14, 2012: -- With just a few months left, Faw Motors believes that it will be the only company to take benefit of this policy as the Engineering Development Board (EDB) has so far not approved entry of any other new automobile manufacturer... The first and may be the only beneficiary of government’s policy to attract new carmakers, Al-Haj Faw Motors Private Limited that last week launched two 1,000cc engine vehicles, is going to get maximum advantage of the Auto Industry Development Programme (AIDP)... The five-year AIDP, which was approved by the government in 2007, is going to end in June 2012. With just a few months left, Faw Motors believes that it will be the only company to take benefit of this policy as the Engineering Development Board (EDB) has so far not approved entry of any other new automobile manufacturer... Under the programme, the government offers some concessions to new entrants including permission to import 100% completely knocked down (CKD) kits – a complete kit to assemble vehicles – for three years from the start of assembly or manufacturing...
Labels: truckmakers news worldwide
posted by Unknown @ 10:45 AM
0 Comments:
Post a Comment
<< Home