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Power Systems Research Q3 2021 TPI Slides 10.7%

PSR-TPI-Q3-2021Download

The Q3 2021 Power Systems Research Truck Production Index (PSR-TPI) declined 10.7% in the third quarter ended Sept. 30, 2021, from Q2 2021. At the same time, the index dropped 17% on a YoY basis.

Except for China, all regions are expected to experience solid commercial vehicle demand growth this year and into 2022.  Chinese heavy truck demand is expected to decline this year primarily due to the implementation of the China VI emission regulations that adds cost to the vehicles but no significant improvement in fuel economy.

The PSR-TPI measures truck production globally and across six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.

This data comes from OE Link™, the proprietary database maintained by Power Systems Research.

Global Index. Overall, medium, and heavy truck demand will finish the year on a strong note and continued strength is expected into 2022.  On-going supply chain disruptions will continue to impact production throughout the rest of the year and well into 2022.

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2021-04-25

KAMAZ Net Profit Exceeds US$ 20 Million

KAMAZ has reported a net profit of (more than US$ 20 million (1545 million Rubles) for 2020. KAMAZ reported revenue for 2020 of US$ 2.47 billion (185.8 billion Rubles), an increase of more than 16% over 2019. This growth is based on domestic truck sales, the introduction of the K5 range, and an increase in bus and electric bus sales.

Despite the COVID pandemic, in 2020 KAMAZ secured positions in the market and has claimed the status of leading Russian heavy vehicles supplier. The company claims a leader position in the 14+ ton truck market in Russia with a share of 47.5%, up 3.3% over 2019.

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PSR Analysis: Of course, State support measures are a big part of this success. Still, domestic truck and bus production has demonstrated good survival potential even in a major pandemic. PSR

Maxim Sakov is Market Consultant – Russia Operations, for Power Systems Research

2021-09-26

Volvo To Produce Trucks in China in 2022

Jack Hao
Jack Hao

Volvo Trucks expects to start production of the new heavy-duty Volvo FH, Volvo FM and Volvo FMX trucks in Taiyuan for local customers in China late next year.  Volvo Trucks has agreed to acquire a subsidiary of China’s Jiangling Motors Co to produce trucks for the local market starting late next year. JMC Heavy Duty Vehicle Co, which includes a manufacturing site in Taiyuan, capital of North China’s Shanxi province, will be purchased for $120.4 million (780 million yuan), said the Swedish truck maker.

Source:  China Daily     Read The Article

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2023-02-20

Volvo Unveils Electric Concrete Mixer Truck

Guy Youngs
Guy Youngs

Best known for its world-class transport solutions, Volvo unveiled its first commercial electric truck –the Volvo FL Electric – in 2019, this was followed by the Volvo VNR Electric in 2020. Volvo introduced three 44-ton electric trucks this past September, some of the heaviest in its line up, bringing its portfolio to six commercial EV trucks, designed to cover everything from city distribution and handling to construction transport and regional hauling.

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2020-05-23

COVID-19 Cuts Results at Harley-Davidson, Polaris

Harley-Davidson Q1 2020 Sales Plunge 15.5%

Harley-Davidson said US sales were up 6.6% in the quarter before the pandemic ground the economy to a halt in mid-March. But sales wound up plunging 15.5% in America compared to a year ago and 20.7% internationally. Overall revenue slipped 8% from last year’s first quarter.

For the quarter, Harley-Davidson posted earnings of $69.7 million compared with $127.9 million in the same period a year ago.

Michael Aistrup
Michael Aistrup

Harley-Davidson’s share in the U.S. heavyweight motorcycle market share was down 2.2 percentage points, to 48.9% and the company’s share of the heavyweight motorcycle market in Europe was 7.6% in the first quarter.

In response to the COVID-19 crisis, Harley has reduced planned capital spending, frozen hiring, temporarily reduced salaries, eliminated merit increases for employees in 2020 and changed the timing of new product launches in order to preserve $250 million in 2020.

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2021-01-25

Semiconductor Shortage Forces Automobile Production Cuts

Aditya Kondejkar

Officials at Volkswagen, Ford, Fiat Chrysler, Toyota and Nissan all say they have been hit by the shortage and have been forced to delay production of some models in order to keep other factories running.

A widening global shortage of semiconductors for auto parts is forcing major auto companies to halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns.

“This is absolutely an industry issue,” Toyota spokesman Scott Vazin said in an email. “We are evaluating the supply constraint of semiconductors and developing countermeasures to minimize the impact to production.”

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2022-09-28

Drought Forces Power Cuts at Sichuan Factories

CHINA REPORT
Qin Fen
Qin Fen

Sichuan’s worst drought in more than a half century spurred the Chinese province to extend industrial power cuts and activate its highest emergency response, adding to manufacturers’ woes as they shut down factories in the region.

Source: Bloomberg   Read The Article                            

Xinhua News Agency   Read The Article         

Shanghai Daily   Read The Article                                   

China.org.cn       Read The Article

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2023-04-18

Volvo Tests Renewable LNG Truck

BRAZIL/SOUTH AMERICA REPORT  
Fabio Ferraresi
Fabio Ferraresi

Volvo plans to test trucks fueled by vegetable origin LNG, gas in liquid form. According to the president of Volvo Trucks in Latin America, Wilson Lirmann, gas from renewable waste makes more sense in the transport operation because it contributes to nullifying the emission of CO2 in the fleet of commercial vehicles.

In this sense, the brand should soon bring LNG-powered trucks to the region. Brazil is a focus market, but possibly these trucks will debut in other South America countries. That’s because the infrastructure is still under development in Brazil. Although Lirmann does not say which countries in the region will receive the brand’s first gas trucks, it is known that Argentina and Chile already have more developed technology and infrastructure. 

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2021-02-22

Volvo Penta: Sustainability First , Zero-Emissions by 2050

Sources: Volvo Penta Press Releases, IBI News, Boating, Trade Only Today

Natasa Mulahalilovic
Natasa Mulahalilovic

Volvo Group announced that the company will focus on sustainable solutions in all business areas, from trucks and buses through construction to its marine division. The group objective is to become a zero-emission company by 2050, at the latest.

As part of this changeover, the Volvo Penta division, the world leader in marine engine and propulsion systems, is cutting its outboard engines production and sales. This reverses a major acquisition the company made in 2017.

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2021-02-23

New Wave of COVID-19 Cuts Brazil Motorcycle Production by 50%

Manaus-AM had the biggest impact of COVID 19 in Brazil and it is where Honda and other Motorcycle OEMs have production plants. Honda, responsible for over 80% of the production, had to stop twice in January due to the pandemic effects. The consequence is that the production in January 2021 fell by 50% when compared with January 2020 and by 27% when compared with December 2020.

Source: Press Release      Read The Article

PSR Analysis: The demand for motorcycles remains high and the forecast is 10% growth over 2020. These stops are punctual. Volumes should be recovered as pandemic effects slow down during 2021 with the vaccines and the growth forecast is kept so far.   PSR

Fabio Ferraresi is Director – Business Development, South America, for Power Systems Research