February 2, 2012

Resources

Navistar’s Hebe: Customers Won't Pay Extra for Non-Compliance NOx Penalties

TruckingInfo.com
Customers would not see an upcharge if Navistar International has to pay government penalties for producing engines, whose emissions exceed the absolute federal limit for nitrogen oxide (NOx), said Jim Hebe, senior vice president of North American sales.

Hebe was commenting on the Environmental Protection Agency's announcement that Navistar might have to pay a penalty for each engine produced that exceeds a limit of 0.2 gram per horsepower-hour for NOx. The penalty would be as much as $1,900 per engine, EPA said.

China Quietly Shelves New Diesel Emission Standards

Guardian UK via FleetOwner Magazine
The government has quietly postponed plans to clean the fumes from truck and bus exhaust pipes.

It ought to have been a centerpiece of China's efforts to reduce smog, but the government has quietly postponed plans to clean the fumes from truck and bus exhaust pipes.

Registration for MEMA Washington Summit Still Open

AASA, HDMA, MERA and OESA members should not miss the chance to come to Washington and let lawmakers know what is important to your companies and what is needed to keep manufacturers competitive in the global economy.

The 2012 Legislative Summit offers the opportunity to state your views on regulatory overreach (particularly within the NLRB), taxes, technology development, energy policy and other issues vital to the supplier industry. Now is the time to frame these issues for lawmakers in this Congress and to help shape the legislative agenda that will be before the new Congress in 2013.

Hinduja Group Plans Global Expansion for Ashok Leyland

The Times of India
NEW DELHI: Scion of the multibillion-dollar Hinduja family, Dheeraj Hinduja, has aggressive plans for flagship company Ashok Leyland. An MBA from London’s Imperial College, Hinduja is chairman of Ashok Leyland and after pumping Rs 3,000 crore into the company over the last three years, now plans to have a wider play overseas.

"India needs to develop its own brand and mark to show that yes, our products are up to the mark as well to sell in more overseas markets. I am not saying that can happen overnight. But, as a process, I guess everyone is following this," Hinduja said.

China’s Sany to Buy Germany’s Putzmeister for €360 mil

Diesel Progress Magazine
Sany Heavy Industry Co. has agreed to buy German concrete pump maker Putzmeister Holding GmbH in what Sany said is the largest Chinese-German transaction yet. Sany and Chinese private equity company CITIC PE Advisors Ltd. will buy 100 percent of Putzmeister reportedly for Euro 360 million.

Putzmeister has 3000 employees and sales of $751 million. The company offers a broad line of truck-mounted concrete boom pumps, separate placing booms, truck-mounted telescopic conveyors and trailer-mounted line pumps. Aichtal, Germany will become Sany’s new headquarter for concrete machinery and Norbert Scheuch will remain in his position as the head of Putzmeister under the Chinese owner.

Deere, Canada’s MacDon in Global Strategic Agreement

Diesel Progress Magazine
John Deere announced it has established a strategic agreement with MacDon Industries Ltd. to serve existing and future John Deere self-propelled windrower customers globally. As part of the agreement, MacDon will manufacture select models of John Deere-branded self-propelled windrowers, including draper and auger headers, and pull-type auger mower conditioners. Deere will also continue to manufacture select models, offering dealers and customers an expanded product line of self-propelled windrowers.

"This agreement allows us to expand the John Deere hay and forage product portfolio to better serve our dairy, livestock, commercial hay, and small grains customers," said William F. Norton, vice president, Global Hay & Forage Platform. "After an in-depth evaluation of the global commercial hay and small grains industries, we determined that specific MacDon self-propelled windrower products would most effectively enable us to serve our customers and expand our overall product lineup."

The Heavy Duty Manufacturers Association Presents 22nd Annual Breakfast & Briefing

The Heavy Duty Manufacturers Association will be presenting the 22nd Annual Breakfast and Briefing on March 23, 2012 from 7am to 9:30am, in conjunction with the Mid-American Truck Show (MATS) in Louisville Kentucky.

Dan Sobic, Executive Vice President of PACCAR Inc, will serve as keynote speaker for this year’s event. Mr. Sobic began his career in the transportation and manufacturing industries more than 30 years ago at Tenneco Automotive. He joined PACCAR in 1990 as Peterbilt National Sales Manager for PACCAR Parts and was promoted in 2003 to Vice President of PACCAR Inc and General Manager for Peterbilt Motors Company. Mr. Sobic’s previous responsibilities at Peterbilt included Assistant General Manager, General Sales Manager and Director of U.S. Region Sales. In his current role, he has corporate responsibility for Kenworth Truck Company, PACCAR Parts Division, PACCAR China and India, and PACCAR Winch Division.

A Trade Collision Course with China

New York Times
HONG KONG - As the White House prepares for a Washington visit by the man who is expected to run China for the coming decade, trade tensions between the United States and Beijing are on the rise.

On Tuesday, a coalition of big American labor unions, Democratic politicians and trade advocacy groups plans to start campaigning for the Obama administration to file a series of trade cases against China in the auto industry. They accuse Beijing of unfairly subsidizing Chinese auto parts makers and illegally restricting the exports of crucial raw materials that foreign parts makers need to stay competitive.

A Defeat for Icahn, Oshkosh Swept Board Vote Elections

Dow Jones News Service
Oshkosh Corp. (OSK) said at least 12 of the 13 Oshkosh-backed nominees were elected to its board, according to preliminary numbers--handing another loss to activist billionaire investor Carl Icahn this month.

Icahn, the company's largest shareholder with a roughly 9.5 percent stake, nominated six candidates for the Oshkosh board. He has said the slate would support merging Oshkosh with Navistar International Corp. (NAV), another truck maker in which he owns a large stake.

Paccar 4Q Net Up 93 percent on Surging Truck Sales; Results Top Views

Dow Jones Business News
Paccar Inc.'s (PCAR) fourth-quarter earnings surged 93 percent as the maker of Kenworth and Peterbilt heavy-duty commercial trucks reported an increase in truck sales and growth in its financial services arm.

Shares recently climbed 5.4 percent to $46.55 premarket as the results topped Wall Street estimates and have risen 18 percent since the start of the year.

Scania to Invest Rs 2.25 bn in Assembly Plant In Bangalore

The Times of India
NEW DELHI: Swedish truck maker Scania will be investing Rs 2.25 billion over the next five years to set up a plant in Bangalore.

This plant will serve as a completely-knocked down (CKD) assembly unit for truck and bus chassis during phase 1 of operations.

Meritor and Fras-le Renew Supply Agreement

Fleet Owner Magazine
LAS VEGAS. Renewal of an exclusive five-year commercial supply agreement for brake lining for the U.S. and Canadian commercial vehicle markets was announced by Meritor Inc. and Fras-le S.A. at the 2012 Heavy Duty Aftermarket Week here in Las Vegas.

Under the commercial agreement, Fras-le will continue to supply friction materials to Meritor for both production and aftermarket consumption. Fras-le aftermarket brake lining products are exclusively distributed in the U.S. and Canada through Meritor’s North American facilities, including distribution centers in Plainfield, IN.; Brampton, Ontario, Canada; and Florence, KY

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