Chinese Steel Group Inks Deal to Buy Delphi's Brake Unit

BEIJING -- A joint venture partly owned by leading Chinese steelmaker Shougang Group has signed an agreement to purchase the brake and suspension business of U.S. auto parts maker Delphi Corp., according to local media.

The deal was initially estimated at 100 million dollars, but "it does not even reach 90 million dollars at the most," says an official of the joint venture, BeijingWest Industries Co.

Big Trucks for Big China

The recent economic improvement in China, India and Brazil benefitted Cummins during the quarter, due to our longstanding strong position in all three countries.” –From Cummins Inc.’s third quarter earnings report

Though hours of service (HOS) reform is bound to be the hot topic around water coolers across the U.S. trucking industry in the weeks and months ahead, another trend is happening up that could lead to even bigger changes and on a global scale for the trucking business – the movement of U.S.-European-Japanese level truck technology into burgeoning foreign markets such as Russia, India … and China.

Volvo Truck Life-Cycle Turns Climate-Smart

Product life cycle’ has gone from smart PR to smart business. Nowadays companies can’t ignore the importance of managing their products’ environmental footprints and Volvo Trucks was one of the first major industrial companies to turn its attention to reducing the environmental impact of its trucks.

From using ice-cold rivers to cool its plants to innovative alternative fuels – this is how Volvo stays on top of the life-cycle game.

Andreas Renschler: Daimler Trucks to Scale-Back Russia JV Investment

PARIS/MOSCOW - Daimler Trucks will make a "very low" investment in its two planned joint ventures with Russia's Kamaz, despite expectations demand could rebound there earlier than elsewhere in Europe.

"It will be much lower," Andreas Renschler told the Reuters Auto Summit on Tuesday, when asked how it would compare to the truck maker's 700 million euro ($1.02 billion) investment in a new Indian site in Chennai.

Tata Motors, Ashok Leyland Ramp up Bus Production to Fulfill DTC Orders

To avoid delays in supplying low-floor buses to the Delhi Transport Corporation (DTC), Tata Motors and Ashok Leyland have speeded up the production of these buses.

DTC, which has placed an order for around 2,500 low-floor buses (including some AC buses as well) that will be used during the 2010 Commonwealth Games in Delhi, is said to have asked Tata Motors and Ashok Leyland to make sure that the buses are supplied on time. While Ashok Leyland has already overshot its September deadline, Tata Motors says it’s confident of being able to meet its February 2010 deadline.