Release Date: March 01, 2009
RESEARCH TRIANGLE PARK, N.C. – The Heavy Duty Manufacturers Association has announced the March 1, 2009 publication of the new HDMA 2009 Global Commercial Vehicle Report on CD.
Vehicle Report includes the latest HDMA biennial Heavy Duty Truck Maintenance in the USA survey/study and additional vital supplier marketing information such as the 2009 HDMA HD Distributor Survey. Newly added data includes information from emerging global commercial vehicle markets in India, Brazil, Russia and China. Other expanded sections include an environment and energy related section, global vehicle and highway transportation reports and important data detailing global truck exports.
It is hard to believe, but the 19th Annual Breakfast & Briefing on Friday, March 20th at the Mid-American Trucking Show is only a few short weeks away! This year, our 2009 keynote speaker is Dan Ustian, Chairman, President and CEO of Navistar Internation Corporation.
Ustian has led Navistar on a steady path to become a $15 billion company by delivering great products, competitive cost structures and profitable growth. Mr. Ustian will provide insight during breakfast on Navistar’s plans for the future in the North American truck and engine market as well as on the forward looking strategy for the nation’s largest truck manufacturer and the fifth largest globally. It is again promising to be the one of the most popular events at MATS.
Lord Mandelson, the business secretary, was warned yesterday that loss-making British vanmaker LDV will collapse within days after the government rejected calls to sanction a loan from taxpayers to keep the firm afloat.
Senior executives at Birmingham-based LDV are trying to engineer a management buyout and have been seeking a loan guarantee for a maximum of six months until the European Union sanctions a grant. But the government said yesterday LDV's parent firm, the Russian firm Gaz, should provide the necessary funding, valued at between pounds 20m and pounds 30m.
Paccar's European subsidiary DAF Trucks is reported by the Belgian paper L'Echo to be cutting 800 production jobs and 73 white collar jobs at its Westerlo plant, where output has been in decline since October 2008. Some 900 workers there are expected to keep their jobs – less than half the 2,300 people the plant employed before the current economic downturn. DAF itself has not formally confirmed the cutbacks.
WEIFANG, February 24, SinoCast -- Chinese diesel engines maker Weichai Power Co., Ltd. (SZSE: 000338; SEHK: 2338) lately announced that its wholly-owned subsidiary, Weichai Power (Hong Kong) International Development Co., Ltd., had spent EUR 2.99 million buying some assets of Moteurs Baudouin of France.
Total book value of these assets stand at EUR 13.8177 million. Presently, both parties have not entered into the formal assets transfer agreement, and they are waiting for the administration approval.
Swedish truck maker Volvo AB said its truck deliveries fell by more than half in January and added it was hard to gauge when conditions would improve.
"Given customers' continuing hesitancy to purchase new equipment in the face of widespread economic uncertainty, low freight volumes and tight credit, it remains difficult to predict exactly when conditions will improve," Volvo said.