TRUCKMAKERS NEWS * Europe
* Sweden - Rise in Volvo orders lifts hopes of trucks recovery
(Photo: A Volvo FE model, refuse truck)
Stockholm,Sweden -Reuters/Fox Business, by Niklas Pollard/Johannes Hellstrom and Helena Soderpalm/Mark Potter -April 25, 2013: -- Volvo, the world's No. 2 truck maker, posted a surprise rise in first-quarter orders and said it would step up production, adding to signs a protracted slump in key markets like Europe may be coming to an end... The Swedish group, which makes heavy-duty trucks under the Renault, Mack, UD Trucks and Eicher brands, as well as its own name, said on Thursday orders rose 11 percent year-on-year compared with a 15 percent fall forecast by analysts... Volvo's comments come after domestic rival Scania reported a 28 percent rise in orders earlier this week, and world No. 1 Daimler Trucks forecast a slight rise in 2013 sales... The Gothenburg-based company would add around 400 staff in its European production system in the second quarter, but only on a temporary basis as it continued to treat evidence of improving markets warily...
* Germany - MAN SE Cuts 2013 Forecast as Europe Decline Leads to Loss
Frankfurt,Germany -Bloomberg, by Christoph Rauwald / Chad Thomas - Apr 26, 2013: -- MAN SE, Europe’s third-largest maker of commercial vehicles, lowered its earnings forecast for 2013 as a drop in its home region’s truck market and extra costs on a power-plant project led to a first-quarter loss... The loss before interest, taxes and one-time items was 82 million euros ($106.8 million) versus profit of 254 million euros a year earlier, Munich-based MAN said today... First-quarter sales of trucks weighing more than 3.5 tons dropped 17 percent to 64,198 vehicles, industry association ACEA said today in a statement... MAN, controlled by Wolfsburg, Germany-based Volkswagen AG, has scaled back production in response to the shrinking truck market in Europe. Measures to protect earnings have included reducing work shifts, cutting costs and streamlining procurement... Volkswagen rearranged its truck operations’ management last year after a six-year effort to get MAN and Soedertaelje-based Scania to work together... Cooperation between MAN and Scania has begun with joint purchases of raw materials, and the cost reductions should help earnings in coming quarters...
* Belarus - Sberbank may finance Belarusian truckmaker MAZ’s plant in India
Minsk,Belarus -Bloomberg, by Aliaksandr Kudrytski / Balazs Penz -Apr 25, 2013: -- OAO Sberbank, Russia’s biggest lender, may provide financing to Belarusian truckmaker MAZ to build an assembly plant in India... “We are in talks with two Indian firms to organize the assembly of MAZ trucks in India,” Dmitry Korotkevich, MAZ deputy commercial director, told reporters today in the capital, Minsk, without elaborating... While India’s truck market is “saturated,” MAZ expects to invest at least $1.5 million in building a new plant in the country to assemble at least 500 trucks a year, Korotkevich said...
Labels: truckmakers news Europe