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TRUCKMAKERS NEWS * USA: Peterbilt's - Navistar's
* California - Peterbilt 75th anniversary party brings 351 Petes spanning 9 decades
Stockton,CAL,USA -Overdrive -December 16, 2014: -- Peterbilt held last month an anniversary party, to celebrate its 75th year... The oldest known complete and operable Peterbilt, a 1939 Model 260 — just one of 15 built by the truck maker that year — is ... Held at the San Joaquin Fairgrounds, Peterbilt says the party attracted 351 Peterbilts, which the truck makers bills as “the largest collection of Peterbilt
trucks ever assembled”... Peterbilt also says thousands of attendees — including customers, enthusiasts and current and former employees — showed to see the trucks and celebrate the milestone...
* Illinois - Navistar to close Indianapolis engine-component plant
Lisle,ILL,USA -The Wall Street Journal, by BOB TITA & MICHAEL CALIA -Dec. 15, 2014: -- Navistar International Corp. next year intends to close an Indianapolis foundry that makes engine components as the truck maker continues to shed operations from an ill-fated move to build all its own truck engines... The heavy truck and engine maker now builds engine blocks and cylinder heads at the plant and will outsource its production once the facility closes. The company said on Monday that it expects to cease all operations by summer, resulting in the loss of 180 jobs and a $13 million reduction in its annual operating expenses...
* Illinois - Navistar loss narrows but misses expectations
Lisle,ILL,USA -The W.S.J., by BOB TITA -Dec. 16, 2014: -- Navistar International Corp. narrowed its fiscal fourth-quarter loss, but success in increasing its share of the truck market remains elusive... The company reported a pretax profit for the quarter ended Oct. 31, excluding special charges, that was in line with the company’s guidance, but well below analysts’ expectations... The Lisle, Ill.-based company so far hasn’t been able to leverage much share gains from the red-hot demand for commercial trucks in North America. Production of heavy-duty trucks this year is on course for the highest volume since 2006. Navistar remains in fourth-place in the market behind Volvo AB, Paccar Inc. —the maker of Peterbilt and Kenworth trucks—and Daimler AG ’s Freightliner unit... The company finished its fiscal year with a 17.5% market share in medium- and heavy-duty commercial trucks in the U.S. and Canada, according to analyst calculations. That is roughly flat with 2013, and well off the company’s goal of 21% for 2014. In the market for heavy-duty trucks, the largest segment of the commercial-truck market, Navistar’s share was 14%, a percentage point higher than in 2013, but four points less than its 2012 share. Heavy-duty trucks are those that weigh more than 33,000 pounds...
Labels: truckmakers news USA
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