* Washington - What's driving growth?
-- PACCAR has struggled on the stock market so far this year. This looks surprising, as the company has performed consistently well over the past few quarters, and has beaten Wall Street's earnings estimates in each quarter over the past year. In fact, the company's stock price performance has not been as impressive as its revenue and margin growth... But, given the improvement in the North American truck market due to improving construction and industrial demand, it is likely that PACCAR's performance will continue improving... I'm saying this because PACCAR has a strong line-up of brands such as Kenworth, Peterbilt, and DFA... An extensive dealer network and product portfolio is driving PACCAR. The truckmaker has an extensive dealer network with nearly 2,000 locations in more than 100 countries, although half of the company's profit comes from sales within the U.S. As such, PACCAR has a stronger dealer network as compared to the likes of Volvo, which has only 650 outlets globally... Now, PACCAR has made good use of its strong product portfolio and dealership network. This is clearly reflected in its last-reported results, as PACCAR's revenue from the truck segment increased 15% year over year to $3.98 billion... Last quarter, truck sales for PACCAR in the U.S.A. & Canada increased 26.4%. Thus, PACCAR is making good use of the opportunity present in the truck market in the U.S.A. and Canada, and it should continue benefiting in the long run as sales of trucks in both these markets are anticipated to grow this year...
(Photo: PACCARS' TRUCKS: DAF, Kenworth & Peterbilt ones) -- Kirkland, WASH, USA - Investor Guide, by Yaggyaseni Mittra - Aug 24, 2015
* * Chennai / India - DICV’s BharatBenz 9- to 49-tonne trucks go BS IV
-- Daimler India Commercial Vehicles’ BharatBenz 9- to 49-tonne trucks have used BlueTec tech to meet BS IV emission norms... DICV has announced that its above 9- to 49-tonne trucks in the current portfolio will now be available as Bharat Stage IV variants across the country. With its new range of buses set for market launch in September 2015, DICV is also offering the Bharat Stage IV variant for school and staff applications in the front engine 9T bus product range... DICV says it will meet the BS IV norms using the system derived from Daimler’s BlueTec technology proven in many markets over a decade. DICV has tested this technology in Indian operating conditions for over a million kilometres before offering to customers. Apart from reducing toxic gas levels within the proposed Bharat Stage IV norms, the trucks and buses will also provide better fuel economy to customers, the company claims...
(Photo: DICV trucks range) -- Perungudi, Chennai, India - Autocar Pro News - Aug 24, 2015
* * * Minas Gerais / Brazil - Daimler cutting 1,500 truck jobs as demand plunges
-- Daimler AG is eliminating 1,500 jobs at its Brazilian truckmaking division as demand for commercial vehicles in the country shows no sign of recovery. Workers at one of the plants affected went on strike in response, and the German company’s stock fell the most in almost four years.
Cutting about 13 percent of its workforce in Brazil became inevitable after industrywide truck sales in South America’s largest economy plunged 44 percent in the first half of 2015, compounding a drop last year, said Florian Martens, a spokesman at Stuttgart-based Daimler... Daimler’s reaction to Brazil’s shrinking economy, which is forecast to continue contracting until at least 2016, underscores the concerns sparking a deepening global stock selloff that has spread from emerging markets. Shares in the German manufacturer dropped as much as 7.1 percent in Frankfurt on Monday, the steepest intraday decline since November 2011...
(Photo, by Dhiraj Singh/Bloomberg: Truck And Bus productionaAt Daimler AG plant as automaker inaugurates bus plant) -- Juiz de Fora, Minas Gerais, Brazil - Bloomberg, by Elisabeth Behrmann - August 24, 2015Labels: truckmakers news worldwide
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