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ENGINE MAKERS NEWS * USA: Cummins & Paccar
* New York - Truck market improvements and capital investments can take PACCAR higher
NY,USA -Seeking Alpha -Nov. 22, 2014: -- PACCAR investors can expect a better financial performance, as strong truck orders should lead to more deliveries next year... The truck market is improving in key economies such as the U.S.A. and Europe, and to tap this, PACCAR is launching improved trucks... PACCAR has also outlined a considerable amount to invest in research and development, which should allow it to attract more customers with better products... The truck market in the U.S.A. has been improving at an impressive pace. This is not surprising considering that economic improvements and lower fuel prices have led to strong demand for trucks. As a result, truck makers are seeing robust order inflow. This clearly reflects in PACCAR's latest third-quarter results as its revenue grew 15% year-over-year and earnings jumped 20%...
* New York - This engine maker is on track to deliver sustained growth
NY,USA -Guru Focus -November 22, 2014: -- Diesel engine maker Cummins (CMI) recently reported strong results for the third quarter... Cummins is seeing good growth opportunities from the North American market. With the steady economic growth, Cummins is expecting to gain much in the key markets including buses and medium-duty trucks. In addition, the heavy-duty truck market also looks in a good shape and Cummins is expecting this market to increase by 22% which will give Cummins splendid opportunities in this segment also. It is also seeing good response from the North American acquisition strategy. The company has already made four acquisition and it is expecting another three to be completed by the end of the year. Cummins is expecting these acquisitions to add incremental revenues by the end of the fiscal year... Cummins is expecting strong performance by the global high horsepower engines as the company, after a continued two year weak performance is now seeing good growth in the segment. Cummins has also achieved certification for high horsepower generator sets and four engines from for rail and oil gas application. With such momentum, Cummins well is geared up for meeting the rising demands of the customers in this regard...
Labels: engine makers
posted by Unknown @ 7:04 PM
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