• 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

    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

Pages

Subscribe to RSS - Industry News