Power Systems Research (PSR) working around the world regularly produce articles and commentary for PSR blogs, special reports, white papers and leading business magazines and blogs. This material appears in the PSR Library and in the PSR Blogs Section. You are welcome to download this material.
Mar 18, 2015
REUTERS--Germany's MAN SE will expand cost cutting at its core truck division to all business areas in a bid to improve profitability, as parent Volkswagen (VW) steps up its efforts to forge a global force in trucks.
VW hired ex-Daimler executive Andreas Renschler last month to align MAN with its Swedish subsidiary Scania and create a global business to better compete with truck industry leaders Daimler and Volvo. "It's indisputable that one needs to create and must create a truck >Read more
Mar 12, 2015
SeekingAlpha.com - Jessica Ma
On Thursday, Chinese Premier Li Keqiang delivered the annual state-of-the-nation address to nearly 3000 members of the National People's Congress, outlining the Chinese government's plans and priorities for the subsequent year.
A country and government obsessed with GDP growth faced its slowest pace of growth yet since 1990 last year. In his speech, Premier Li lowered China's GDP growth target down from 7.5% in 2014 to around 7% this year, showing that the Communist party has accepted China's slower growth and will not take aggressive action to >Read more
Mar 12, 2015
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
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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 >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