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Apr 23, 2014

TRUCKMAKERS NEWS * USA - Smith EV / Truck demand

* Missouri - Smith Electric Vehicles Suspends Production

Kansas City,MIS,USA -Truckinginfo -April 07, 2014: -- The commercial electric truck maker Smith Electric Vehicles has suspended production for an unspecified period of time... The Kansas City Star reports production was suspended at the end of last year, according to documents the company filed with the U.S. Energy Department, due to tight cash flow... The DOE awarded the company $32 million in grants during 2009 and 2010 to produce more than 500 vehicles to be placed in various fleets across the U.S., however, only 439 have reportedly been produced. The Energy Department says it is working with the company to produce the remaining vehicles... Critics say they aren’t surprised, saying it was already “a failed company” based in the United Kingdom. Smith Electric Vehicles U.S. in 2010 bought the UK-based parent company...


* New York - Truck demand seen rising 

New York,NY,USA -Investors -9 April 2014: -- A report from Citigroup expects companies that manufacture commercial vehicles and vehicle parts, like Meritor and Dana Holding, to see growth amid an improving economy and increased demand for new trucks. A Citigroup analyst cited analysis from Americas Commercial Transportation Research that sees N. American truck-makers building about 285,000 Class 8 trucks in '14, a 16% rise from '13...


* Ohio - Rebirth of America's dead factories

(Photo: Ex GM factory in Moraine, Ohio) 
 Moraine,OH,USA -CNNMONEY, by PARIJA KAVILANZ - April 22 2014: -- For decades, this General Motors truck plant was a huge employer in Moraine, Ohio. But the facility closed in 2008 as high gas prices took a toll on sales of large vehicles, displacing thousands of jobs -- both at the plant and at local suppliers. This year, Chinese autoglass maker Fuyao closed a deal to buy part of the plant, which IRG acquired in 2011. Fuyao's acquisition is expected to add 800 jobs over five years. In the last year, the plant has also added several other new tenants, including a diesel engine maker, a robotics company and a trucking logistics firm...

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