Truck & Bus Articles

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    Brazil: Mercedes receives loan for expansion

    Mercedes-Benz do Brasil has closed on a Real 1.2bn (US$675m) loan with the Brazilian bank Banco Nacional de Desenvolvimento Económico e Social (BNDES), which will be used to expand production capacity at its Sao Bernardo do Campo plant near Sao Paulo. Approval for the loan came through in January. Sao…

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    Germany: Car and CV sales remain down in February

    Following a year-on-year decline of 4% in new car registrations in January, the German automotive industry saw registrations drop sharply last month by 30% to 194,800 cars, compared with 277,740 in February 2009, when sales were fuelled by the scrappage incentive. According to data compiled by the German Association of…

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  • India: Ashok Leyland to invest Rs30bn in three years

    Indian commercial vehicles manufacturer Ashok Leyland plans to invest Rs30bn (US$657.82m) over the next three years on various projects. This planned investment will include the OEM’s LCV joint venture with Nissan. “We had cut back our investment due to the market conditions. Now, we are activating the investment again as…

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  • Germany: MAN wins major Deutsche Bahn bus contract

    MAN Nutzfahrzeuge has secured a supply contract valued at up to €150m (US$204m) from DB Stadtverkehr. Under the agreement, the OEM will provide up to 600 city and intercity buses – 150 for delivery this year, with an option on an additional 350 vehicles in 2011 and 2012. The agreement

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  • China: MFTBC takes hybrid to Hong Kong

    Mitsubishi Fuso Truck & Bus Corporation (MFTBC) has begun taking orders for its Fuso Canter Eco Hybrid light-duty truck in Hong Kong. Universal Cars Limited (UCL) serves as the local distributor in Hong Kong, which becomes the third overseas market for the hybrid model. “Mitsubishi Fuso is pleased to bring…

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  • UK: CV sales up 11.5% in February

    Commercial vehicle registrations in the UK rose by 11.5% year-on-year to 10,348 units in February 2010, buoyed by strong registration figures recorded by the country’s van segment, comprising LCVs up to 3.5 tonnes. Despite the depressed sales levels experienced by the industry in 2009, truck registrations, comprising vehicles more than…

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  • India: Eicher sales soar 122% in February

    Eicher sales in February soared 122% year-on-year to 3,030 trucks and buses, thanks in part to the recently launched VE Series. Sales in the domestic market jumped 137% last month to 3,007 units. Within the light/medium duty segment, sales rose 153% in February to 2,517 units. Sales in the heavy

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  • US: Analyst sees sharp jump in 2011 Class 8 truck sales

    In an interview with Modern Tire Dealer, Kenny Vieth, partner at ACT Research, an organisation that tracks the North American commercial vehicle industry, has asserted that: “Assuming our projections are correct, we think demand for Class 8 vehicles is going to go vertical in 2011. The present (trucking) fleet is

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  • Sweden: Euro 6 won’t mean efficiency loss – Volvo

    According to Mats Franzén, engine strategy and planning manager at Volvo trucks, the fuel consumption of its vehicles is predicted to improve at an average rate of 1% a year for the foreseeable future, notwithstanding the challenges of having to meet the much more demanding emission standards embodied in Euro

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  • US: Heavy truck net orders rise in February

    Latest preliminary data from FTR Associates shows that February 2010 Class 8 truck total net orders for all major North American OEMs amounted to 7,628 units. This was 19.7% higher than the final January figure, when orders were the lowest since 2002. FTR notes that while February compared positively to…

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  • Belgium: CV sales continue to plummet in February

    There was no significant change with regard to the Belgian automotive industry in February, with car and bus registrations alone continuing to improve year-on-year, as was the case in January 2010 as well. Passenger car registrations in February rose by 3.7% to 47,584 units, compared with 45,904 cars registered in…

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    Commercial truck business: the suppliers

    Question to any CFO of any commercial truck OEM supplier: what’s your profit forecast for 2010? This is usually an easily-fielded question, but in the OEM supplier sector of the commercial truck industry, it’s become a little more complicated, and not just because of the exceptional circumstances of the current…

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  • Australia: Navistar and Iveco to end agreement

    Navistar International Corporation and Iveco Trucks Australia Limited have announced that, effective 9 October 2010, they will terminate the supply, technical assistance and license agreement under which Iveco markets certain models of Navistar’s International brand trucks in Australia. After that date, Navistar products will be designed, manufactured and distributed by…

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