• 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

  • Mar 3, 2015

    Shanghai Daily

    "Riding the east wind" is an ancient Chinese saying about seizing the momentum of natural forces to make further inroads.

    It also might sum up Swedish truck maker Volvo Group's investment in Dongfeng Group (DFG), China's biggest player in the world's largest truck market. Dongfeng literally translates as "east wind."

    The deal, after 9 years of negotiations, was finalized last month when Volvo Group bought 45 percent of a subsidiary of DFG, Dongfeng Commercial Vehicles (DFCV) for 5.5 billion yuan (US$885 >Read more


Subscribe to RSS - Industry News