As Congress and the administration work on ways to preserve jobs and boost the economy, HDMA members are encouraged to attend the upcoming Legislative Summit in Washington, D.C. on Wednesday and Thursday, April 28-29.
Washington, DC - The National Association of Manufacturers (NAM) President John Engler issued the following statement after President Obama’s announcement today about next steps for the National Export Initiative, including the reinstatement of the President’s Export Council led by the CEOs from Boeing and Xerox.
Volvo AB said Wednesday its North American deliveries fell in February from a year ago, but its worldwide deliveries rose 11 percent.
Volvo Trucks North America’s February deliveries slipped 2 percent to 856 units. North American deliveries year-to-date fell 10 percent to 1,402 units, compared with last year.
VerticalNews.com -- Stoneridge, Inc. (NYSE:SRI) announced the opening of a new technical center and sales office in the Xu Hui District of Shanghai, China. The 7,000 square-foot facility is the latest step in the expansion of Stoneridge as the Company continues to pursue growth opportunities in the commercial and non-commercial vehicle markets in China and the Asia Pacific region
Truck manufacturer China National Heavy Truck Company (CNHTC) has reported a net profit of 964.6 million yuan (US$141.1 million) for 2009, compared with 880.8 million yuan a year earlier, reports Dow Jones International News. The automaker attributed the 9.5 percent year-on-year (y/y) increase in overall profitability to the recovery in demand for heavy commercial vehicles (HCVs) in China during the latter half of the year and improved margins.
The New York Times (3/25, B3, Chan) reports that "despite mounting pressure in Congress for the Obama administration to declare China a currency manipulator, the Chinese government is giving no indication that it will change its exchange rate policy." After meeting with officials at the Treasury and Commerce Departments yesterday, Chinese Deputy Commerce Minister Zhong Shan told reporters, "The Chinese government will not succumb to foreign pressures to adjust our exchange rate." He also "reiterated a statement this month by the Chinese premier, Wen Jiabao, who said he did not believe the currency, the renminbi, was undervalued." Zhong, the AP (3/25) reports, also said it is "unacceptable for US lawmakers to threaten to slap punitive tariffs on Chinese goods if Beijing doesn't change its currency policy."
Having already launched two of its 'World Truck' variants, Tata Motors, India's leading manufacturer of heavy and light automobiles, is planning to launch 20 new variants in coming two years. While these new variants will be launched in both India and Korea, most of them will come out from India.
Shanghai - China’s major commercial vehicle manufacturer Beiqi Foton Motor is set to sell its trucks in the Australian market after signing Western Star Trucks Australia on as the local distributor of Foton trucks, Australasian Transport News (ATN) reported yesterday.
The Foton brand is already a force in its domestic market, Western Star Australia Managing Director Paul Glavac said. Foton Motor is the largest commercial vehicle manufacturer in China and the world's second largest (after its partner Daimler AG). The Chinese CV company sold 602,021 vehicles in 2009, up 47 percent.
Operators of SCR-equipped Euro-5 trucks will be forced to modify their vehicles making their trucks less fuel efficient if the EU decides to back recommendations put forward by the Dutch government.
The move comes on the back of a study in Holland, which revealed that NOx emissions from Euro-5 trucks in the urban environment were only marginally better than those of Euro-3 vehicles, despite theoretically being 60 percent lower.