Transport Topics Magazine
WASHINGTON — Five manufacturers are on their way toward meeting the Department of Energy’s goal of increasing a truck’s efficiency by 50 percent under the agency’s SuperTruck program, a DOE official said.
The manufacturers have until 2014 to meet the goal set by the program, which aims to encourage development of new, innovative, high-risk technologies to improve freight efficiency on heavy-duty trucks, said Roland Gravel, who oversees SuperTruck at DOE.
Auto Business News
Patria is in the process of delivering 113 AMV 8x8 armored wheeled vehicles to the Swedish Army. Volvo Group, a Sweden-based automaker, has signed a teaming agreement with Patria, a globally operating defense, security, and aviation group.
The collaboration is aimed at providing new concepts and partnerships related to comprehensive life-cycle support services for the Swedish Armed Forces' upcoming needs
The Times of India
MUMBAI: The world's second largest bus maker Volvo Bus Corporation has promoted its India head and managing director, Akash Passey to senior vice-president, Region International of the company to oversee growth in emerging markets of India, China, Asia Oceania, Middle East and Africa
Passey, who will take over the position from Rune Lundberg, has also been named on the bus executive committee of the Volvo.
Valuenotes.com
Looking back, 2011 has been a year of turmoil, both in India and abroad. The Arab Spring, Eurozone crisis and downgrading of US’ credit rating caused volatility across global markets. At home, economic growth faced a number of hiccups as the government battled rising unrest over poor governance and corruption, while inflation, fiscal deficit and interest rates continued to cast uncertainty. GDP growth for Q2FY12 slipped to its lowest in two years.
The Index of Industrial Production (IIP) and Sensex saw their 52-week lows in December 2011, while the Rupee depreciated further against the dollar. In short, the story was drastically different from that in 2010, where growth expectations were pegged at 9 percent and stock market bulls had a field day when the Sensex crossed the wishful 20,000 mark.
aftermarketNews staff
GOTHENBURG, Sweden – SKF has signed a three-year contract with Scania worth around SEK 150 million (US$23mil) for the delivery of SKF bearings for truck wheel end units and transmissions to Scania production facilities in Brazil.
“Brazil is a fast-developing and very important market for SKF. We have invested heavily in our business to support our customers and only last year extended our factory in Cajamar to manufacture hub bearing units for cars,” said Tom Johnstone, SKF president and CEO. “This very important contract with Scania means that we will now further invest in Brazil for the manufacturing of bearings for the truck industry, improving our ability to support our customers with local manufacturing.”
The Hindu Business Line
Co also in race for infantry combat vehicle deal Hinduja group company Ashok Leyland has developed the next range of its flagship defense vehicle Stallion to take on heavier payloads. The company will promote what it calls the Super Stallion in the next five years.
“The Stallion is a stalwart in our fleet … with a strong presence in logistics and military applications. We are the largest private-sector supplier to the armed forces through the strength of the Stallion. We have now developed the next range Super Stallion on the Rhino platform. This is something we will get out aggressively in the next five years,” said Mr. V. Sumantran, Chairman, Ashok Leyland Defense Systems, the defense arm of the group.
China Economic Review
More than half of China's local governments have set their economic growth targets this year at upward of 10 percent, higher than the national economic growth estimate of about 9 percent, with governments in the country's northern and western regions leading the way, the latest figures showed, Global Times reported.
The optimistic GDP goals may counter the central government's efforts to speed up economic restructuring and will likely add pressure to the country's already strained energy resources and environment, Chinese economists said Monday.