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TRUCKMAKERS NEWS * WORLDWIDE
* Germany - Daimler sees 2012 EBIT at yr-ago level, rising sales
Stuttgart,Germany -Reuters -Apr 4, 2012: -- German car maker Daimler is targeting earnings before interest and tax (EBIT) from ongoing business at last year's level of 9 billion euros ($12 billion) as vehicle sales and revenue keep rising... Sales at Daimler's Mercedes-Benz luxury division rose 11 percent in March to 131,334 autos, extending first-quarter deliveries by 12 percent to a record 313,902 units... Truck sales up 20 pct to 107,000 in first quarter... Full-year truck sales to exceed 2011 levels... First-quarter bus sales at 5,000, below yr-ago levels...
* Belarus - BelAZ Truck to Hold First Belarusian IPO
Minsk,Belarus -RIA Novosti, by Ivan Rudnеv -April 2, 2012: -- Belarusian truck maker Belarusian Autoworks (BelAZ) is to hold an initial public offering, the first time a Belarusian enterprise has gone to the markets, General Director, Pyotr Parkhomchik, said on Monday... The company is likely to start contacts with foreign banks to conduct the IPO by the end of 2012...
* Russia - Daimler’s Russian Partner KamAZ Boosts Output 37%
Moscow,Russia -Bloomberg, by Brad Cook -Apr 3, 2012: -- OAO KamAZ, the Russian truck maker partly owned by Daimler AG, increased production 37 percent in the first quarter from the same period last year to 13,500 vehicles, Interfax reported, citing KamAZ...
* Sweden - Volvo Treasury Signs EUR1.2 Billion Revolving Credit Facility
Stockholm,Sweden -Dow Jones Newswires/Fox Business -April 03, 2012: -- Swedish truck maker Volvo AB said Tuesday that Volvo Treasury AB has signed a EUR1.2 billionn multi-currency revolving credit facility... The facility replaces the company's existing $1.4 billion revolving credit facility signed in May 2006... The new facility has a tenor of five years and serves for general corporate purposes... Citi, DNB Market, Handelsbanken Capital Markets and HSBC Bank PLC, acted as co-ordinators for the arrangement and syndication of the facility... The credit facility was well received in the market and closed significantly oversubscribed. With 21 participating banks, both existing as well as new relationship banks, the credit facility is well diversified...
Labels: truckmakers news worldwide
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