Volvo Trucks, a Sweden-based Vehicle maker, has started public field testing of methane diesel trucks.
The trucks are to operate on liquefied methane gas.
In September, I testified at a hearing of the Congressional Executive Commission on China that Congress established in 2000 to monitor human rights and the development of the rule of law in China. The hearing examined China's respect, or lack of respect, for intellectual property law. That's the area of law that protects inventions and patents, and it's important to Michigan manufacturers.
China's record in this area is deeply worrisome. Despite nearly 10 years as a member of the World Trade Organization, China continues to engage in unfair trade practices. I asked the commission to look into China's actions in two areas: steps it took to favor domestic producers of renewable energy and counterfeiting of auto parts.
Following a KeyBanc Capital Markets Inc. hosted conference call with ACT Research Company as well as conversations with industry sources, we have increased confidence in our above consensus North American commercial vehicle forecasts and an acceleration in the recovery appears imminent based on our belief that:
September orders of Class 8 trucks totaled 15,231 "” up 37 percent from a year ago, according to a report released Thursday by ACT Research Co. Seasonally adjusted net orders for the month were the second-highest monthly total in the past two years, ACT said in its latest "State of the Industry: Classes 5-8 Vehicles"report.
Eaton has announced that its sales in the third quarter were USD3.6bn, 18 percent above the same period in 2009. Net income was USD268m, an increase of 39 percent on the same quarter of last year. The results included improved performance in the Truck and Automotive divisions.
Alexander M. Cutler, Eaton chairman and chief executive officer, said: "Our third quarter results significantly exceeded our guidance. The results reflect the outstanding achievements of our employees around the world, who have capitalized on the continued rebound in our end markets while realizing the benefits of the substantial changes in our cost structure implemented over the past two years.
OSHKOSH, Wis., Oct 25, 2010 -- Oshkosh Corporation (NYSE: OSK) announced today the grand opening of its new manufacturing plant in Tianjin, China. This state-of-the-art facility is producing JLG access equipment for China and other Asian markets. The new factory marks yet another milestone in the Oshkosh commitment to the important Far East markets and further enhances the Corporation's international presence.
American Trucking Associations said Friday it has adopted a carbon-emissions control policy supporting a national fuel-economy standard for trucks, rather than government actions to increase fuel prices or alternative-fuel mandates.
"Carbon-emission reductions achieved through national truck fuel-economy standards are preferable to government actions that increase fuel prices in an effort to discourage petroleum-based diesel fuel consumption or mandate the use of alternative fuels,"ATA's policy stated.