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Aug 1, 2012

TRUCKMAKERS NEWS * WORLDWIDE

* Europe - Market Review heavyweight in the first half 

Brussels,Belgium -Truck and Business (Belgium), by Claude Yvens -31 July 2012: -- This is (unfortunately) not a surprise: the European truck market fell in the first half of 2012. Market uncertainty over the sovereign debt crisis, access to credit markets and prolonged depression of southern Europe: European manufacturers have turned to their export markets to find the air. But again, the orders are not brilliant, with the exception of Russia... Registrations of heavy trucks fell 5.5% over the first half of 2011, for a total of 150,568 units. Among major markets, that is the UK-saving furniture (+21%). France and Germany are declining in the same proportion as the European market, while Spain and Italy, not surprisingly, declined by over 22%, while the signals indicate some form of contagion negative for France. The two main markets in the Benelux also recede twice stronger than the European average... In Central Europe, the situation varies between Hungary (+10%) and Slovenia (+22%), but the trend is generally a larger decline than the European market as a whole...

* World - Other global markets 
 Brussels,Belgium -Truck and Business (Belgium), by Claude Yvens -31 July 2012:
 - Slower growth of the North American market that had started the year well, but could further decelerate by the end of 2012 
- In South America, sales fell 22% in first half - Sales Down in Brazil because of the slowing economy and the introduction of the Euro 5 standard, but the outlook back to medium term 
- The Japanese market is progressing through the work of post-tsunami reconstruction. 
- Belle sales growth in Russia 
- The Indian market has weakened 

* Europe - Mark by Mark 
 Brussels,Belgium -Truck and Business (Belgium), by Claude Yvens -31 July 2012:
* DAF Trucks had increased from 12.4 to 13% in 201, and still earns 0.8 points in the first quarter of 2012. The European arm of Paccar now focusing much of South America, with the construction of a factory in Brazil (Ponta Grossa). Paccar, the parent company of DAF, was able to increase its sales and earnings in the first half. 
* Iveco has VAIT dropped from 12.2 to 10.6% in 2011, but recovers slightly to 11.1% in the first quarter of 2012. 
* MAN had risen sharply from 15 to 16.6% in 2011, but relapsed to 14.9% in the first quarter of 2012. In South America, orders were up 5% in the first half, unlike the market. MAN has also benefited from good sales figures in Russia and outside Europe, although it was at the expense of gross margins. The turnover of the Commercial Vehicles division fell 5%, and earnings fell from 475 to EUR 211 million over the same period. 
* Mercedes dropped two points in 2011 (from 24.3 to 22.3%), and lost a few feathers in the first quarter of 2012 (22%). Overall, for cons, the Daimler Trucks division saw sales grow by 34% through Asia and the NAFTA region. EBIT for the division increased in the second quarter. 
* Renault Trucks has grown steadily since 2010 from 8.8% to 9.2% in 2011, and 9.5% in the first quarter of 2012. But the brand is affected by the continued decline in markets in southern Europe, which are normally his forte. 
* Scania has continued in the first quarter of 2012 the gain recorded in 2011 (9.9 against 9.4%). During the second quarter, Scania has been a slight increase in its order intake in Europe, but at a level that is low and although this can be considered a promise for the rest of the year. Overall, sales of Scania were down 10%. 
* Volvo Trucks had increased sharply in 2011 (10.4 to 12.2%) and even a little progress in the first quarter 2012 (12.4%). United States and Brazil, the level of production must be adapted to lower demand, but demand remained stable in Europe through sales conducted in northern Europe and eastern. Operating margin for the division Trucks (Volvo Trucks + Mack  + Renault Trucks) increased from 9.9 to 7.6% in the first half...


* Germany - MAN Scales Back Production, Trims Costs as European Truck Market Shrinks 

(Photo: MAN VW Constellation truck)  
Wolfsburg,Germany -Dow Jones Newswires/Fox Business, by Christoph Rauwald -July 31, 2012: -- MAN SE said Tuesday it is scaling back production and implementing a hiring freeze at its core commercial vehicle unit after the German truck maker and engineering firm disappointed investors last week with worse than expected earnings and cut its full-year outlook due to a deteriorating economy... MAN's full-year revenue, however, is expected to decline and return on sales is anticipated to fall to around 6% this year, well below the long-term 8.5% target. The core commercial vehicle unit expects full-year revenue to shrink by up to 5% in 2012, hit by a decline of the overall European commercial vehicle market between 5% and 10%. MAN expects the commercial vehicles business to generate a return on sales of around 4% this year, down from a previous forecast of about 7%...




* The Netherlands - DAF Trucks does well in Russia



(Photo: DAF CF 85 6×2 Tractor Unit) 
Eindhoven,The Netherlands -Dutch News -31 July 2012: -- Truck-maker DAF had a successful year following the opening of its marketing and sales office in Moscow in 2011... Since May 2011, sales of trucks have reached 3,000; 1,500 in 2011 and 1,600 in the first half of 2012. This gave the company a market share in Russia of 6.9% in 2011... Last year DAF opened dealerships in St Petersburg, Jekaterinenburg and Smolensk. So far this year, Moscow, South Russia and the Ural and Volga regions have followed... The long-term aim is for 20 dealerships throughout the country...


* France - PSA and Toyota to cooperate on medium vans

Paris,France -Fleet Europe, by Tim Harrup -24 July 2012: -- A further joint working agreement has been announced in the Light Commercial Vehicles (LCV) domain. French car manufacturer PSA Peugeot Citroën and Japanese car manufacturer Toyota are to cooperate in providing LCVs for the European market. Under the agreement, PSA Peugeot Citroën will initially supply Toyota with medium sized LCVs to be sold under the Toyota name. The first focus, starting in the second quarter of 2013, will be on vans derived from the Peugeot Expert and the Citroën Jumpy. There will be further collaboration on a new generation of vehicles, for which Toyota will participate in development and industrial investment costs. There are no plans for the two companies to take stakes in each other’s capital, or for joint production plants.The collaboration is expected to last beyond 2020. It is not the first time that both car manufacturers work together. Toyota and PSA Peugeot Citroën currently have a joint-venture partnership in the small car segment...

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