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Jan 8, 2014

TRUCKMAKERS NEWS * USA - Truck sales fall in December

* DC - US car makers report disappointing December sales 

Washington,DC,USA -Bbc News/The Daily Star -January 08, 2014: -- General Motors (GM) has reported a fall in car sales in December in what was a disappointing month for US car makers... GM shares fell 2.4 percent after it reported a 6.3 percent fall in sales compared with December 2012... Ford and Chrysler both reported rising sales, but not the increases that industry analysts were expecting... Chrysler sold 161,000 cars and trucks in December, up 5.7 percent on the same period in 2012 and Ford reported a 1.8 percent rise in December sales... Analysts said that poor weather in parts of the US kept customers away from dealerships in December... Truck sales tend to increase in relation to home sales, which were strong for much of the year as the US economic recovery spurred long-delayed housing activity...


* New York - Plug gains on U.S. funding to boost range of electric trucks 

NY,USA -Bloomberg, by Christopher Martin -Jan 7, 2014: -- Plug Power Inc. (PLUG), a maker of fuel-cells for warehouse forklifts, rose to a 32-month high after winning U.S. Energy Department funding to adapt its systems to extend the range of electric trucks... The Energy Department will provide $3 million for Plug to develop hydrogen fuel cells for 20 FedEx Corp. (FDX) delivery trucks built by Smith Electric Vehicles Corp., Latham, New York-based Plug said today in a statement... The hybrid trucks will use 10-kilowatt fuel cell systems that double the 80-mile (129-kilometer) range of their lithium-ion batteries. Boosting the range will make the trucks viable for additional applications and may spur wider demand for vehicles that don’t require fossil fuels... Plug has quadrupled since it said Dec. 4 that cost reductions and increasing orders may generate a profit this year after 14 years of losses...

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