* Washington / USA - The company is facing major headwinds in the international markets
-- The latest truck order numbers have been in-line with expectations. Paccar will continue to grow on the back of strength in North American market... The latest truck order numbers released by ACT Research show continued strength in the North American market, which was highlighted by Paccar, the second largest North American heavy-duty truck manufacturer when the company released its fourth quarter results last week... In January, the Class 8 truck orders for North America climbed by 2.4% year-over-year and dropped by 19.7% from the previous month to 35,400. Credit Suisse's analyst Jamie Cook wrote in a research report emailed to me that the numbers were largely in-line with expectations. Once again, the growth was due in large part to improving economy and strong carrier profitability. Cook is expecting similar numbers for February in the mid-30,000 range, albeit February is usually around 4% weaker than January due to the seasonal impact... Paccar has recently reported 18% year-over-year increase in net income to $394.3 million, or $1.11 a share on the back of 11% increase in revenues to $5.12 billion. Excluding the positive impact from taxes, the fourth quarter earnings were $1.09 a share... Paccar installed its MX-13 engine, which the company launched in mid-2010, in 37% of its Kenworth and Peterbilt heavy duty trucks... (Photo: Kenworth T680 Sleeper Cab Interior) -
Bellevue, WA, USA -Seeking Alpha -Feb. 8, 2015
* Canada - Fiat Chrysler readies plant for 14-week shutdown
-- A $2 billion investment by Fiat Chrysler Automobiles NV into the development and production of its next-generation minivan will mean the largest retooling for the Windsor Assembly Plant since the 1980s... The investment includes more than 860 new robots, 800 feet of flexible production lines and retooling of about 80 percent of its general assembly area... The significant retooling also means temporarily layoffs for most of the plant’s more than 4,570 hourly workers during a 14-week shutdown period that starts Saturday and continues through late May. Workers will get paid a percentage of their wages... Michael Brieda, Windsor Assembly plant manager, said production of pilot vehicles of the next-generation minivan are expected to begin in mid-2015. The plant will continue to produce the current minivans into 2016, he said... In 2014, the plant produced 196,782 Grand Caravans and 160,116 Town & Country minivans ... (Photo: Daniel Mears / The Detroit News - A new robotics line is being installed in Chrysler's Windsor Assembly Plant. The plant will be closed for 14-weeks in preparation for production of the next generation minivan) - Auburn Hill,MICH,USA -The Detroit News, by Michael Wayland -February 9, 2015
Labels: truckmakers news USA and Canada
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