• Mar 12, 2015

    PRNewswire

    New plant to be built in Charleston, South Carolina, beginning in 2016

    -- Next generation Sprinter also to be manufactured in the U.S.

    -- Expansion of the global production network as part of the "Mercedes-Benz Vans goes global" strategy

    -- Creation of more than 1,300 new jobs planned

    -- Volker Mornhinweg: "We are investing around half a billion dollars to create a top-notch Mercedes-Benz van plant here in South Carolina. This plant is key to our future growth in the very dynamic North American van market." >Read more

  • Mar 6, 2015

    Free Webinar. Sign Up Today.

    March 18, 2015 @ 11am (Detroit) | 4pm (Stuttgart) | 8.30pm (Mumbai)

    In this free webinar, the Power Systems Research (PSR) North America team will present their outlook on the global and North American commercial vehicle market to 2020, and examine the trends M. Talbet >Read more

  • Mar 4, 2015

    Swedish commercial vehicle major AB Volvo on Wednesday sold around 4.7 per cent stake in Eicher Motors Ltd. (EML) for $310 million or over Rs. 1,920 crore.

    “AB Volvo has today divested 12.7 lakh shares, representing approximately 4.7 per cent of Eicher Motors Limited’s equity capital,” a EML spokesperson said in a statement.

    In May 2008, AB Volvo and EML had entered into a joint venture agreement to create VECV with the intent to drive modernisation in the commercial vehicle >Read more

  • Mar 3, 2015

    Puget Sound Business Journal
    Unlike its major competitors, Bellevue-based truck builder Paccar has stayed away from joint ventures with Chinese truck builders.

    The company does have Chinese business, but not the direct joint venture operations required by the Chinese government for companies to produce products in the country.

    Caution doesn’t seem to be holding back Paccar Inc. competitors, however. Several of the company’s major competitors have partnered with Chinese counterparts in recent months.

    The lure of >Read more

  • Mar 3, 2015

    TruckingInfo.com/ Denton Record-Chronicle

    Peterbilt has plans to expand its manufacturing facility in Denton, Texas after the Denton City Council approved an eight-year, 70% tax abatement for the facility's production, according to a report in the Denton Record-Chronicle. Peterbilt will break ground in the spring. 

    The expansion, the first in 16 years, will add 17,500 square feet to the property to help increase production. It will increase dock doors and expand out from two different points on the building. The renovations won’t interfere >Read more

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