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Oct 10, 2016

IVECO news * Italy - Trucks sold to petroleum Co.

* Torino - Iveco supplies 131 trucks to Algerian petroleum company

--- Italian truck specialist Iveco has delivered 131 Astra heavy trucks to Algerian state-owned petroleum company Entreprise Nationale de Geophysique (ENAGEO) for logistics and transport support in seismic surveys across the North African country... According to Iveco, the truck fleet is specially fitted to operate in the extreme conditions found in much of the country’s vast desert areas. The delivery includes 4×4 and 6×6 all-wheel drive vehicles for logistics and support that use the Astra HD9 truck model as a base. They have been designed and built in record time for a public tender won at the end of last year... Iveco said the job order included a variety of specialised configurations and versions, such as vehicles equipped with fuel and water tanks, trucks for transporting people, tractors and refrigerated vehicles – all of which have been designed and built to work in the desert on extremely rugged terrain and in the most adverse weather conditions... 
(Photo: Specially configured Astra HD9 vehicles to provide support for seismic surveys across the country)   --  Torino, Milan, Italy - ME Construction News, by Anirban Bagchi - October 5, 2016

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Jan 24, 2011

TRUCKMAKERS' NEWS * Germany - MAN plans to control consumption with the MAN TGX EfficientLine

Efficient Line has been specially designed to provide optimum aerodynamics

Brussels,Belgium -Truck & Business, by Julie Widart -19 Jan 2011: -- At the Show, MAN will present version of TGX optimized in terms of consumption. Based on a TGX 18.440 4x2 BLS XLX cab, already have an aerodynamic optimum (spoiler and skirts cabin) and the new Eco Intarder (reducing friction when the vehicle is stationary), MAN expects to offer a significant reduction in average consumption by applying the following measures:


* New more powerful alternator,
* new management system the air pressure switch off,
* daytime running lights,
* Low consumption
* rims and aluminum tanks,
* Low resistance tires
* control system pressure.
(Photo from BigLorryblog (UK): 'EfficientLine' TGX artic from MAN)

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Dec 13, 2010

TRUCKMAKERS' NEWS * Europe / UK - DAF LF Hybrid enters series production in

London,UK -Transport Engineer, by Brian Tinham -13 Dec 2010: -- DAF has now started production of its LF Hybrid distribution truck, which uses a parallel diesel/electric system, with power from the diesel engine, electric motor or both...  The first 12 tonne hybrid truck left DAF's Leyland production facility on Thursday December 9, fitted with a 160hp 4.5-litre Paccar FR EEV-compliant diesel engine, linked to an automatic Eaton six-speed Autoshift gearbox...  As per standard parallel configuration, the electric motor is fitted between the clutch and the gearbox, providing traction as well as functioning as a generator, during braking – with energy stored in lithium-ion batteries...  On this truck, the battery pack weighs 100kg and consists of 96 3.6V cells, providing for up to 2km travel on electric power alone...  As a result, DAF claims that its LF45.160 Hybrid is only 300kg heavier than the standard diesel-powered model – giving it a very useful load capacity of around 7.5 tonnes...  DAF is starting to supply the LF Hybrid in the UK, the Netherlands, Germany, France, Belgium and Czech Republic – and, depending on sales, the company says it will decide whether to include the vehicle in the standard product range in other countries... (Picture: DAF LF Hybrid enters series production in UK)


 * Germany - The Crafter is now also available with a "Stop-Start"

Wolfsburg,Germany -Van Business, by Stijn Phlix -10 Nov 2010:  --  Since the summer, the Crafter has become even more frugal, cleaner and more economical to use. For, next to a new gearbox, which is at Crafter BlueTDI consume on average up to 0.9 l/100 km less, and AdBlue technology, a "stop-start" is now also Catalogue of technologies that may benefit (optional)...  When one takes into consideration all the conditions of possible displacement of the Crafter, the potential fuel savings of the new system runs around 5%. If the vehicle is used exclusively in the city, one quickly reaches 20%. In areas with high concentrations in cities and urban consumption is mainly influenced by the phases of stop lights and in traffic jams...  Since June, Volkswagen Commercial team Crafter's Office of the AdBlue green technology. This transforms the nitrogen oxides contained in exhaust gas into harmless nitrogen and water. In addition, a new gearbox which is causing a drop in consumption may reach 0.9 l/100 km on average (corresponding decrease in CO2 emissions up to 23 g / km) ...  The use of AdBlue is simple. The additive is stored in an additional tank can hold up to 29 l. For vans, the filler is in the engine compartment. Open to vehicles, it adjoins the fuel tank. During the first three years, the extra is free at the dealership during the interviews...


* France - Renault at the Brussels Motor Show

Lyon,France -Vand and Business, by Stijn Phlix -10 Dec 2010: -- Renault closes the year 2010 on the commercial vehicle market in the first place on the podium, a market share of 17.6% (provisional figure). Indeed, the year 2010 was rich in new products. Thus, the range Kangoo Express Kangoo Express was completed by Max with a wheelbase lengthened by 40 cm, giving him a load volume of 4.6 m3...  Les useful models in the Renault Traffic has been refreshed to give them a better comfort and improved ergonomics, including a redesigned dashboard and equipment that were taken from the range of cars. The universally popular 2.0 dCi engine, now also available with a particulate filter, now also offers a more economical fuel consumption...  The time VU in 2010 at Renault was undoubtedly the presentation of new Renault Master, the flagship of the supply of commercial vehicles of the French brand. New Renault Master goes further in terms of diversity with 4 body lengths and a payload capacity of 22 m3...  At the Brussels Exhibition of 2011, commercial vehicles will be presented in all their diversity in three areas: construction / public works, business, commercial and passenger transport...


* France - The Kangoo Express Z.E. world premiere at the IAA

Lyon,France -Van and Business, by Stijn Phlix -12 Nov 2010: -- Renault launched in 2010 three new models: the Kangoo Express Maxi, the new Traffic and Master again. With these vehicles, the French manufacturer offers vehicles whose useful volume is 2 to 22 m3. In mid-2011, the van electric Kangoo ZE will complement the range. This electric Kangoo was given its world premiere at the IAA in Hanover last (from 23 to 30 September 2010). In Europe it will sell between 15,000 and 20,000 euros excluding VAT, depending on the premium tax, which vary from one country to another...  Renault offers for electric vehicles of innovative forms of acquisition. Ownership of the vehicle and the batteries will be separated. Customers can buy or rent their van ZE, and take a battery subscription price of 72 euros per month excluding VAT...  A battery charging, allowing the Kangoo ZE to travel 160 km, will return between 1 and 2 euros, depending on the price per kWh. Fully recharge the batteries require between 6 and 8 pm and will be on a simple household electrical outlet. The driver can, with two dials on the dashboard, know at any time the level of battery charge and remaining life of the car...


* Russia - Kamaz eyes Belarussian rival MAZ


Moscow,Russia -Reuters, by Gleb Stolyarov; Maria Kiselyova; and Lidia Kelly -Dec 10, 2010: -- Russian Technologies, the biggest shareholder of Russia's top truck maker Kamaz, is in talks over a potential acquisition by Kamaz of its Belarussian rival MAZ, Kamaz's chief executive said on Friday... "We are always interested in either a controlling stake or the 100 percent," Sergei Kogogin told reporters adding the company currently "had no money" to finance the takeover... Russian Technologies has a 49.9 percent stake in Kamaz, while Germany's Daimler owns 11 percent...

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Jul 20, 2010

TRUCKS SALES WORLDWIDE * UK - Registrations look bleak until 2011

London,UK -Road Transport, by Ian Tonkin -19 July 2010: -- Truck registration figures will continue to fall throughout 2010, only stabilising in the second quarter of 2011, according to forecasts from the UK's truck manufacturers... The SMMT's latest figures show a 16% drop in truck registrations for the first half of 2010 compared with the same period in 2009, but Iveco's director for brand and communications, Nigel Emms, says that this year's final total is unlikely to surpass 2009's... Emms adds: "Order intake is very strong at present, but it is unlikely to boost truck sales significantly. Last year total truck sales [vehicles above 6.0 tonnes GVW] amounted to 35,000 units and we're forecasting it to be around the 32,000-mark by year-end" ... This view is echoed by Sam Whittaker, truck sales and marketing director at Mercedes-Benz...


* Germany - MAN Nutzfahrzeuge receives major order for 350 trucks

(Video from YouTube, by wojtekdh -29 Sept 2007: The new MAN Trucks with the most powerful MAN TGX 680 V8 truck in Europe !!! Continuation of Trucknology Generation...)

Munich, Germany -MAN's P.R. -7 July 2010: -- Belgian-based H. Essers Group has placed a large order for no fewer than 350 vehicles with MAN, thus confirming its confidence in the German engineering company with whom the group has collaborated for more than 15 years. The 350 vehicles will be delivered during the course of 2010 and 2011, and will be deployed throughout Europe. The order includes TGM, TGS and TGX trucks which are mainly used in heavy goods and long-distance transport. Almost all of Essers’ fleet — a total of more than 1000 trucks — is made up of MAN vehicles... The H. Essers Group, founded in 1928 by Henri Essers, is currently one of Europe’s biggest players in the logistics and transport industry...

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Jun 30, 2010

TRUCKMAKERS NEWS * WORLDWIDE - European manufacturers agree to plug-in grid specifications

Brussels,Belgium -The Green Car Website, by Paul Lucas -June 27, 2010: -- The move towards charging vehicles safely from the electric grid has advanced after Europe’s automobile manufacturers agreed to a first phase of joint specifications... The agreement only covers one- and three-phrase AC charging in the short- and medium-term and reflects the needs of passenger cars and light commercial vehicles. It is expected that further agreements will follow relating to quick charging and heavy duty vehicles... The phase one agreements include:

- Vehicle inlet: There will be no restrictions on the type of vehicle inlet as vehicles with different types are already on the market or in a late development stage. So manufacturers will supply at least one cable with a type two plug or standard domestic plug to connect to infrastructure.

- Public charging: Type two industrial sockets will be allowed during this transitional period – if the vehicle inlet is of a different type than the connector on the fixed cable then the customer must be able to use its own cable that is delivered with the vehicle.

- Home charging: Standard home sockets are widely available but a third party certification of the household electricity grid should be conducted before the vehicle is first charged.

As part of phase two, a uniform EU solution that reduces the solutions on the market has been suggested while still maintaining maximum flexibility for consumers and predictability for producers. Current phase two agreements include a harmonised solution for vehicle inlets using mode three charging will apply for new types from 2017; a mode three uniform EU solution for public charging; and a mode three uniform EU solution for home charging, although standard domestic sockets or industrial sockets will still be allowed on the condition of third party certification... Elsewhere, countries such as Japan and the USA have decided to use a pure single-phase connector. China has similar distribution grids to Europe and includes a type two connector for the vehicle and infrastructure in its new standard... The European Automobile Manufacturers’ Association includes BMW Group, DAF Trucks, Daimler, FIAT Group, Ford of Europe, General Motors Europe, Jaguar Land Rover, MAN Nutzfahrzeuge, Porsche, PSA Peugeot Citroën, Renault, Scania, Toyota Motor Europe, Volkswagen and Volvo...


* Singapore - GM Plans to Build New Truck in Thailand for Export to Europe

Singapore -Bloomberg/Businessweek, by By Liza Lin & Chana Schoenberger & Terje Langeland -June 30, 2010: -- General Motors Co. plans to build a new midsize Chevrolet truck in Thailand for export to Europe and parts of Southeast Asia as the brand makes its first push into the two regional pickup markets... GM expects to sell at least 100,000 units of the new truck in the first year, with global production of the vehicle concentrated in Thailand and Brazil, Martin Apfel, executive director for GM’s Southeast Asian operations, said in a phone interview today... Truck production is part of the Detroit-based carmaker’s plans to invest $467 million in Thailand... GM’s plans to build a new diesel-engine plant in eastern Rayong province are still on track, and the facility, which will produce engines for the new truck, is in its “last stages” of completion, he said... GM is also working to reopen a factory in Indonesia within the next two years to produce a 7-seat vehicle tailored for the domestic market, Apfel said. The plant in Bekasi, near Jakarta, has been idle for about five years. It may produce as many as 50,000 vehicles and require about $100 million in new investment, he said... (Photo from thesupercars.org: The Chevrolet's Colorado)


* China - Beiqi Foton to introduce commercial-vehicle plant in Moscow

Changping District,Beijing,China -The China Knowledge -Jun. 30, 2010: -- Beiqi Foton Motor Co Ltd, announced that it will set up a new production plant in Moscow, Russia, and make as European headquarters, source reported... The new plant will be able to produce 100,000 vehicles per year, including light commercial vehicles, pickups, vans, heavy-duty trucks and sport-utility vehicles for the European markets, said a spokesman with Beiqi Foton... The latest expansion in Russia is part of Beiqi Foton's five-year plans. The carmaker is determined to leave its footprint in Russia, Brazil, Mexico, India and Thailand by 2015... (Photo from wikipedia.org: Foton's truck at Speyer Technology Museum)

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Jul 4, 2009

TRUCKMAKERS' NEWS * Europe

* Germany - MAN Chief Is ‘Positive’ on Growth as Truck Market Bottoms Out

Munich,Germany -Bloomberg, by Aaron Kirchfeld & Andreas Cremer -July 3, 2009: -- MAN SE’s truckmaking business, Europe’s third-biggest, probably broke even in the second quarter as the market for commercial vehicles showed signs of recovery, Chief Executive Officer Hakan Samuelsson said... “We have reached the bottom” of the recession’s effects on truck sales, Samuelsson said in an interview in Berlin. “We are quite sure and positive on long-time transport demand”... The truckmaking division’s second-quarter earnings will about match the break-even result of the first three months of the year, Samuelsson said, reiterating earlier comments. Munich-based MAN’s diesel-engine and turbine units are likely to report a “good year,” he said... (Photo from cache.daylife)


* Germany - Truckmaker Exports to Stabilize in Second Half, VDA Says

Frankfurt,Germany -Bloomberg, by Cornelius Rahn -July 2 , 2009: -- German truckmakers are facing a “dramatic” market decline, as heavy-vehicle exports dropped 69 percent and slid 33 percent domestically, the country’s main carmakers trade group said... Truck markets abroad are likely to stabilize at a “low level,” Matthias Wissmann, president of the German carmakers association, or VDA, said today at a Frankfurt news conference...


* Turkey - Anadolu Isuzu Will Halt Vehicle Production Citing Lack of Demand

Istanbul,Turkey -Bloomberg, by Seda Sezer -July 3, 2009: -- Anadolu Isuzu Otomotiv Sanayi & Ticaret AS, the maker of trucks and buses for Isuzu Motors Ltd., will halt production at its factory in Turkey... Production will be suspended between July 6 and July 20 due to lack of demand, Anadolu said in a filing with the Istanbul Stock Exchange today... (Photo by kurumsalhaberler: Anadolu Isuzu BusWorld)

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Jun 27, 2009

TRUCKMAKERS' NEWS * Europe

* Germany - Daimler Fights for its Future... Will Daimler be the next Opel? (Read this interesting article)

Stuttgart,Germany -Spiegel International, By Dietmar Hawranek -24 June 2009: -- For years, Daimler allowed itself to be guided by illusions and neglected its core business. As a result, the current economic crisis struck one of Germany's model companies with full force. To survive, it will have to save billions, while simultaneously investing in its own future...


* CV production collapses as recession bites

London,UK -RoadTransport, by Lindsay Clark -22 June 2009: -- Production of commercial vehicles in May fell by 73% compared to the same month last year, the largest drop ever recorded, according to the Society of Motor Manufactures and Traders (SMMT)... Compared to April, the number of commercial vehicles - trucks and vans - leaving the factory gates in the UK during May fell by 39%, the industry body also found ... "Commercial vehicle production is severely affected by low business confidence and economic uncertainty," said Paul Everitt, SMMT chief executive...


* Italy - 'Small' gets bigger

Rome,Italy -Waste Management World (UK) -25 June 2009: -- Italian manufacturer Ecofar is one of the first waste collection equipment suppliers to take advantage of the latest generation of Isuzu chassis, built in Portugal... Traditionally, aside from a few selected markets, Isuzu has tended to concentrate its marketing efforts on trucks up to 10 tonnes gross weight. But with what now amounts to a 'World Truck' programme (with chassis designs up to - and shortly perhaps above? - 18 tonnes gross weight), Isuzu is making a bid to win orders away from the more established producers of 'heavies'... This marketing approach is in tune with a operator's demands in a growing number of countries for suitable truck chassis to meet the requirements for dedicated foodwaste collection services for example, where a chassis of between 11 and 15 tonnes gross weight offers an ideal balance of a useful payload working with a waste stream that, by virtue of a high water content can be heavy, while at the same time, retaining the low cab entry height and the manoeuvrability of a seven to ten tonne truck... (Images from pennnet)

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Jun 14, 2009

TRUCKMAKERS' NEWS * WORLDWIDE

* Sweden - Volvo Makes First Delivery of World's Strongest Truck



Gothenburg,Sweden -The Auto Channel (USA) -June 12, 2009: -- The first customer of the Volvo FH16 700 truck, Tore Aase from Norway, has taken delivery of the first world's most powerful truck in Tuve, outside Göteborg in Sweden, where the truck is built... The world's most powerful truck, with 700 horsepower and a massive 3150 Nm of torque, is built for the most demanding haulage assignments, without increasing either its emissions or fuel consumption... The new Volvo FH16 700... the hopes are high that the new model will become a success, says Johan Jinhage, Plant Director at Volvo Trucks in Tuve... (Video from YouTube, by thecarfanatic - 12 June 2009 - "Volvo FH16 700, First Delivery of World's Strongest Truck")

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Jun 12, 2009

TRUCKMAKERS NEWS * Sweden - Volvo's sophisticated sound lab seeks the sound of silence

Gothenburg, Sweden -HGV (Ireland) -11 June 2009: -- The work carried out at Volvo Trucks' sound lab is all about controlling noise levels. A truck driver experiences a variety of different sounds while working, some of which might be considered pleasant but, for the most part, the work of the sound engineers focuses on keeping unwelcome noise to a bare minimum... Low, monotonous sounds are known to reduce brain activity," adds Christina Keulemans, Feature Leader, In-Cab noise at Volvo Trucks. "The driver gets tired and, eventually, risks falling asleep."... The noise made by on-board systems can also be disturbing, especially when drivers are trying to sleep or rest... Drivers who are prevented from sleeping well are seldom the safest or most efficient on the road... At Volvo Trucks' sound lab noise can be tested in a variety of different ways... (Photo from volvo: Cab visibility)

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May 7, 2009

TRUCKMAKERS NEWS * EUROPE

* Germany - MAN is alleged to have systematically paid bribes

Munich, Germany -DW WORLD -5 May 2009: -- Prosecutors in Germany have opened a corruption investigation into truck making giant MAN which is suspected of paying millions in bribes to sell and lease its vehicles... State prosecutors in Munich said MAN AG is suspected of systematically paying millions in bribes both in and outside Germany in exchange for deals to sell and lease its trucks and buses... Lead prosecutor Manfred Noetzel, added that there is evidence that foreign officials and companies also received payments in return for business. Investigators searched the company's offices, its truck and bus divisions as well as three private homes... MAN, which has Volkswagen as its dominant shareholder, said it was fully cooperating with the prosecutors... Germany's Sueddeutsche Zeitung reported that in some cases MAN had made the payments for years, depositing the money in the accounts of friends and relatives of the purchasing personnel... (Photo: MAN's trucks' factory in Germany)


* Sweden - Scania blue-collar union spurns shorter work week

Stockholm,Sweden -Reuters -May 7, 2009: -- Scania said on Thursday the main blue-collar union had rejected the truck maker's proposal to introduce a four-day work week in response to a sharp fall in demand due to the global economic downturn... Scania, majority-controlled by Germany's Volkswagen, said late last month it had begun negotiations with unions on scaling back working hours... In late April when the truck maker presented first-quarter results, Scania Chief Executive, Leif Ostling, said it hoped to implement a four-day week that would be in effect for 6-12 months... (Photo: Road Transport: Scania's big lorry blog)


* Sweden - Scania P-series gets cleaner, bigger engines

Stockholm,Sweden -Road Transport (UK), by Ian Tonkin -7 May 2009: -- Scania has added bigger, cleaner engines to its line-up of lighter P-series trucks... The 13-litre 360hp and 400hp engines are claimed to deliver better fuel economy thanks to the P-series' lighter chassis... Both engines are rated at Euro-5 thanks to EGR technology... The 360hp engine with 1,850Nm of torque sits below the 380hp SCR 12-litre unit in the range, while the 400hp version mirrors the 420hp SCR engine with 2,100Nm of torque... (Picture Scania: The first new Scania P Series Roscommon Fire Engines tcm17)


* Poland - Volvo FL named Fleet Vehicle of the Year

Warsaw,Poland -Fleet Owner, by Brian Straight -May 6, 2009: -- The Fleet Management Institute in Poland and Polish trade magazine Flota have named the Volvo FL the 2009 Fleet Vehicle of the Year in the Fleet Awards Polska Trucks category... The Fleet Awards Polska recognizes the top fleet vehicles on the market, based on opinions of fleet managers. Nominated vehicles are available for testing and votes are submitted online over a three-month period... It is the third Fleet Vehicle of the Year award for Volvo Trucks and the second consecutive year the FL has won. In 2007, the Volvo FH was victorious...

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Apr 8, 2009

TRUCKMAKERS' NEWS * EUROPE - MAN

* Germany - MAN (Maschinenfabrik Augsburg Nürnberg AG) is one of the two leading German truck manufacturers

Essen,Germany -Road Transport (UK) -4 April 2009: -- It produces on-road vehicles from 7.5-tonne rigid trucks to 44-tonne-plus articulated tractors, as well as a range of military trucks... On 2 April 2009 MAN hosted an event for leading industry editors; Des Evans (chief executive officer of MAN Truck & Bus UK) and other executives spoke about their plans for the future...

On this page Commercial Motor editor Brian Weatherley, share news and their thoughts live (via Twitter)...

# Cussans: "We've set up a highly specialised network of 'hazchem dealers' supporting hazchem operators---we intend to stay as market leaders."
# Dave Cussans: "Private capital dealers partners have recently made £24m investments in UK service infrastructure."
# Dave Cussans Ops director for MAN T&B UK up now: "Mission to earn ourselves reputation as best service provider in the UK truck industry."
# Green news! MAN is going straight to EEV as standard beyond Euro-5 on all its MAN and Neoplan buses and coaches built after April.
# Des Evans MAN T&B UK CEO: Market is tough but we're not downbeat--during this time we will innovate and help our operators come through this--

and Motor Transport editor Justin Stanton do the same, from the event:

* MAN promoting 3-year-old TGAs to operators who can't or won't afford a new truck.
* MAN promises to revolutionise used truck market.
* MAN plans "expansion of aftersales business to support customer viability".
* MAN expects 2009 truck market (over 6t) to be circa 28,000 units.

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Mar 27, 2009

TRUCKMAKERS' NEWS * Germany - Mercedes Benz develops new truck navigation system

Stuttgart,Germany -Newlaunches -26 March 2009: -- Mercedes has now developed a new navigation system for their Atego, Axor and Actros model series commercial vehicles. The new system includes maps of 26 European countries, with a total of 15 European languages available for the voice instructions... The new system is different from conventional GPS navigation systems because it includes information such as, weight restrictions, limited height and width clearances, etc. with such detailed guidance a trucker will be able to choose the best route, taking into account these factors. The 6.5" monitor shows the driver the dynamic route guidance courtesy of TMC (the Traffic Message Channel); this enables the driver to avoid traffic jams and problems to be bypassed, thereby potentially saving time... Mercedes navigation system can be ordered to be fitted with a CD radio, Bluetooth CD radio or Bluetooth CD radio with a permanently installed telephone, if you so desire...

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Mar 15, 2009

TRUCKMAKERS' NEWS WORLDWIDE

* Europe - €3 billion of loans for carmakers and truckmakers

Brussels,Belgium -European Voice, by Simon Taylor -12 March 2009: -- The European Investment Bank (EIB) today approved loans of €3 billion for EU carmakers and truckmakers. The loans are targeted at improving fuel-efficiency and cutting carbon dioxide emissions... Companies benefiting from the loans approved today include BMW, Daimler, Fiat, PSA Peugeot-Citroën, Renault, Volvo Cars, Scania and Volvo Trucks...


* USA - WABCO Announces Multi-Year Strategic Agreement to Supply CNHTC, China's Largest Manufacturer of Heavy-Duty Trucks

Piscataway,NJ,USA -Trucking Info -16 March 2009: -- WABCO Holdings Inc. announced the completion of a strategic partnership agreement to supply China National Heavy Truck Corporation (CNHTC), the largest producer of heavy-duty trucks in China... A supplier to CNHTC since 1997, WABCO will continue to provide air management products, braking systems including anti-lock braking, and transmission control products. Further increasing their partnership, WABCO will be CNHTC's sole supplier of automated manual transmission (AMT) systems through 2016...

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Feb 16, 2009

ANALYSIS * Europe - Europe truck makers face worse 2009

Stockholm,Sweden -Reuters/Portfolio, by Victoria Klesty -Feb 2 2009: -- Europe's heavy truck makers are expected to post sharply lower profits after a collapse in demand in the fourth quarter, and they should brace for even worse conditions in the coming year, analysts believe... With emptying order books, an ailing construction equipment unit and overcapacity looming, Sweden's Volvo is likely to be hit the hardest among Europe's top players, according to Reuters polls... Swedish crowns ($28 million) in the quarter, including restructuring costs that analysts expect will come in at 269 million crowns. Truck sales are seen down 15 percent and the company is also expected to cut its dividend in half... The firm, the world number-two by truck sales, reported close to zero order intake in the third quarter and shut production for much of December... Germany's MAN and Swedish rival Scania are expected to fare less badly as they have more flexible labor forces and can adapt more easily... Analysts expect Germany's MAN to report a 27 percent drop in year-on-year pretax profit, while Scania's profit is seen down 35 percent. Median estimates indicate there will be no cuts in MAN's dividend, while Scania's dividend is seen falling 20 percent...

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Jan 7, 2009

TRUCKMAKERS' NEWS * WORLDWIDE

* Europe - Porsche triggers Scania offer with VW stake

Stuttgart,Germany -The Financial Times (London,UK), by Richard Milne -January 6 2009: -- Porsche on Tuesday came closer to its goal of controlling a €130bn ($175bn) European car and truck empire as it increased its stake in Volkswagen to more than 50 per cent, sparking a mandatory takeover offer for the truckmaker Scania... Porsche, the financially nimble German sports carmaker that builds only a 60th of the cars of VW, re­iterated that it had no strategic interest in Sweden’s Scania and was likely to make a low offer... VW owns 69 per cent of Scania, and Porsche is now required by Swedish law to make a mandatory offer for the truckmaker... Swedish regulators are expected to name the bid price for Porsche shortly. After a period of at most five weeks, shareholders in Scania should receive the published bid... Porsche’s takeover offer for Scania is likely to be about 15 per cent under the current share price, according to analysts at Morgan Stanley...


* Germany - Daimler Forms Truck Venture with Chinese Firm

Stuttgart,Germany -Bloomberg/Transport Topics (USA) -7 Jan 2009: -- Daimler AG and China’s Beiqi Foton Motor Co. have agreed to form a venture in Beijing to make trucks and engines, Bloomberg reported Wednesday... Under the approximately $929 million venture, Daimler and Foton, China’s biggest truck maker, will each own half of Beijing Foton Daimler Automotive Co... The partners will form the venture in August, start engine production in 2011 and begin making trucks in 2012...


* India - Sumitomo to make Indian truckmaker Swaraj Mazda subsidiary

New Delhi,India -ANTARA News/Asia Pulse -7 Jan 2009: -- Japan's Sumitomo Corp. will raise its stake in midsized Indian commercial vehicle maker Swaraj Mazda Ltd. to 53.5 per cent, turning the company into a subsidiary... The major trading house will increase its interest from 39.5 per cent by purchasing the stake of Swaraj Mazda's second-largest investor, a unit of Indian automaker Mahindra and Mahindra Ltd., on Tuesday for roughly 400 million rupees (US$8.3 million). Sumitomo became Swaraj Mazda's leading shareholder after Mazda Motor Corp . ended its capital relationship with the Indian company...

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