Transport Topics Magazine
Ryder System said Tuesday it is expanding its North American rental fleet with 6,700 new trucks, tractors, trailers, and vans to meet growing demand.
The new vehicles — made up of multiple classes of tractors, trailers, refrigerated equipment, box trucks and light-duty vans — will expand its commercial rental fleet to near 30,000 units.
Just-Auto.com
AvtoVAZ and Kamaz are expected to agree on metal supply prices for 2011 with Russian steelmaker Severstal by 14 February 14, Alexei Rakhmanov, director of the Industry and Trade Ministry’s auto industry department, said.
Earlier this month, AvtoVAZ agreed to Severstal’s 30 percent price hike for 2011, after AvtoVAZ’ complaint to the Federal Antimonopoly Service about the hike had not been supported, Prime-Tass reported.
The Economic Times
Shares of Tata Motors have surged nearly 10 percent in the last three trading sessions on institutional buying after its quarterly results beat street estimates.
According to dealers, a Zurich-headquartered brokerage has been a buyer of the stock of late. The stock gained over 5 percent to close at Rs 1208.75 on Monday, with volumes at a par with its two-week average.
Jiji Press
Tokyo -- Isuzu Motors Ltd. said Tuesday that it will build a truck plant in Dammam, eastern Saudi Arabia.
The plant, the Japanese commercial vehicle maker's first production base in the Middle East, will start operating in late 2012, the company said.
Indiandrives.com
India might pose to be the largest automobile market in the year 2030, but if talk about present, one of such growing markets in Asia is the Indonesian automobile market. It might not be churning out the profits which will give hangover to the coming years as well, but it definitely poses to be the strongest and rudest market in coming years. Undoubtedly many bigger brands are ensuring that they have their say in the Indonesian market. Even our very own Tata motors are thinking to build a manufacturing unit in Indonesia which will be used to manufacture the small yet promising car Tata Nano.
The New York Times
Daimler said on Wednesday that its earnings rose sharply in the last quarter of 2010 as strong demand from China combined with a recovery in car and truck sales in the United States and Europe. But its shares slipped after the results failed to meet analysts’ expectations.
The automaker, based in Stuttgart, Germany, also said that it would resume paying a dividend. It canceled the payments for 2009 for the first time in more than a decade.