* Washington / USA - Paccar to cut truck production despite $297M profit in second quarter
Bellevue,WASH,USA -The Seattle Times, by Drew DeSilver -July 24, 2012: -- Paccar said Tuesday it plans to cut North American truck production by around 15 percent, citing weaker incoming orders... The company expects to deliver about 10 percent fewer trucks in the current quarter than the 37,700 it delivered in the April-June period. Most of the order slowdown has come in the United States and Canada, while European orders have held mostly steady despite the debt crisis there... Some analysts expressed surprise, given Europe's economic woes, that Paccar left its European industrywide forecast unchanged: 210,000 to 230,000 heavy-duty trucks expected to be sold this year, down from the 241,000 sold last year... One bright spot for Paccar was South America, up to now a fairly small part of its overall operation... Paccar hopes the new DAF manufacturing plant it is building in Ponta Grossa, Brazil, will open up that fast-growing nation as a new market. The plant should begin producing trucks next year...
* Sweden - Volvo to Reduce Production in North America
(Photo: Volvo USA, oversize truck)
Stockholm,Sweden -The WSJ (USA), by Christina Zander -24 July 2012: -- Swedish auto maker Volvo AB Tuesday said it will scale down production in North America this fall as it reported a fall in profit due to weaker demand there and in Southern Europe...
The company took 53,000 truck orders in the second quarter,
representing a decline of 19% compared with the second quarter of 2011.
Trucks represent about two-thirds of Volvo's sales... Like other truck makers, Volvo has been hit hard by the economic downturn in Europe,
where it generates 39% of its net sales, as sluggish income growth and
government austerity measures have forced consumers to defer new
purchases... The European market has so far declined by more than Volvo's 5% forecast for 2012, but he believes that pent-up demand to renew older trucks will spur demand in the second half... Volvo still expects to make 250,000 and 230,000 vehicles in North America and Europe, respectively, this year, but noted that both markets will be difficult to forecast in the second half...
* Sweden - Volvo Reduces Brazilian Guidance as Net Profit Falls
(Photo: Volvo Trucks built with art, in El Alto, Bolivia)
Stockholm.Sweden -Dow Jones Newswires/Fox Business -July 24, 2012: -- Swedish truck maker Volvo AB Tuesday reduced it forecast for the Brazilian market owing to considerably lower growth in the economy as it reported a declining net profit for the second quarter... Volvo reduced its forecast of the overall Brazilian market in
2012 from about 105,000 heavy-duty trucks to about 90,000... The total
order intake in the second quarter amounted to almost 53,000 trucks
during the second quarter, representing a decline of 19% compared with
the second quarter of 2011...
* Texas / USA - New suspension options for Peterbilt Model 382
Denton,TX,USA -Fleet Owner -Jul. 23, 2012: -- Peterbilt Motors. Co. has announced that three of its proprietary suspensions are now available on its Model 382. The Air Leaf, Low Air Leaf, and Air Trac drive axle suspensions can now be spec’d for a smooth, controlled ride as well as excellent braking and handling characteristics, the company said... The Air Leaf and Low Air Leaf suspensions require very low maintenance and no lubrication...
* France - Peugeot Citroën and Toyota announce a new cooperation on light commercial vehicles
Brussels,Belgium/Paris,France -Peugeot/Citroën press website -23 July 2012: -- Toyota Motor Europe and PSA Peugeot Citroën announce today a new agreement on light commercial vehicles for the European market. Under the plan, PSA Peugeot Citroën is to supply Toyota with light commercial vehicles for sale in Europe under the Toyota brand... As a first step, starting in the second quarter of 2013, PSA Peugeot Citroën will supply Medium Size Vans derived from its existing vehicles Peugeot Expert and Citroën Jumpy. The agreement also includes collaboration on next generation vehicles which are to be produced by PSA Peugeot Citroën... Under the plan, Toyota Motor Europe is to participate in the development and industrial investment costs for the next generation product...
* China - Daimler, Foton JV plans new engine plant
Beijing,China -Fleet Owner -Jul. 23, 2012: -- Beijing Foton Daimler Automotive (BFDA), the joint venture between Daimler AG and Chinese truck manufacturer Foton, will build a new engine plant next to its Beijing headquarters in Huairou district. The company said construction of the plant will begin in the first half of 2013 at a cost exceeding $156 million... The plant, expected to be completed in 2014, will produce OM 457 engines, which will power the joint venture’s Auman brand of trucks. A nearly identical engine is being used in Mercedes-Benz commercial vehicles in Europe and Latin America...
* USA - New Class 5 cabover from Hino
Novi,MICH,Japan -Fleet Owner -Jul. 23, 2012: -- Hino Trucks plans to roll out a new cabover Class 5 medium-duty truck platform this fall, which can be spec’d with either a diesel-only or diesel-electric hybrid powertrain... The new 195 model Hino cabover – as well as the 195h model diesel-electric hybrid powered configuration – feature a 19,500-lb. gross vehicle weight (GVW) rating and a five-liter J05E series diesel engine that cranks out 210 hp and 440 ft-lbs. of torque... The OEM added that the diesel engines powerin its 195 and 195h model meet EPA 2010 emission regulations via a selective catalytic reduction (SCR) exhaust emission aftertreatment system...
* China - Sany acquires German truck mixer maker
Changsha,Hunan,China -Xinhua -25 July 2012: -- Sany Heavy Industry, a leading Chinese manufacturer of construction machinery, announced Tuesday that it has fully acquired Intermix GmbH, a German truck mixer maker... Sany spent 8.1 million euros ($9.78 million) to buy all of Intermix... Intermix, founded in 1984, is the third-largest manufacturer of truck mixers in the world. It had a sales revenue of 10.1 million euros in 2011... Sany, Putzmeister and CITIC Private Equity Advisors (Hong Kong) signed an agreement on the merger of the three companies on Jan 20. On April 16, Sany and CITIC PE completed the transfer of Putzmeister shares, with Sany acquiring a 90 percent stake and CITIC PE receiving the remaining 10 percent...Labels: truckmakers news worldwide
![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
0 Comments:
Post a Comment
<< Home