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  • PowerTALK April 2019

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    Zirnhelt Named President and CEO at Power Systems Research

    Significant activities at Power Systems Research (PSR) lead the news report in the April issue of the PowerTALK report.

    First, Joe Zirnhelt has been named President and Chief Executive Officer of the company, effective immediately. He had been serving as Chief Operating Officer. Zirnhelt replaces Dennis Huibregtse as CEO.

    Top Stories in April 2019 PowerTALK

    • Data Point: Ag Tractors
    • PSR Management Transition
    • PSR-IHS Markit Form Partnership
    • Global Economic Report
    • Ford Brazilian Operations
    • Brazilian M/C Sales Climb
    • Brazilian Ag Credit Limits
    • China Rolls Out Fuel Cell Bus
    • Electrification Hot at Bauma 2019
    • Toyota Pushes Electrification
    • Hyundai Invests US$39 Billion
    • Ride Share Via Expands
    • India Honda Cuts M/C Production
    • VW To Double Russian Production

    Huibregtse retired last month after 36 years with PSR. Ted Hadingham, who had been serving as President of European Operations for PSR, also has retired. Both men will continue to serve on the company’s Board of Directors.

    Second, PSR announced that it has formed a partnership with IHS Markit for the purpose of producing significant and unique industry reports that are targeted by region and industry segment. The first report is the 2018 India Construction Equipment Report.  For more information contact your PSR sales representative, or email info@powersys.com. PSR

  • Steep Decline in Portables Sales Cause an Unusually Rocky Q1 2019

    SUMMARY: Gen-set sales in Q1 2019 declined 13.6% from Q4 2018, largely due to an unusually steep drop in sales of portable gen-sets. Sales were anemic between 21kW and 500kW and declined in the 501-1000kW and 1001-2000kW ranges by more than any other Q1 in the last five years.

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  • Q1 2019 Power Systems Research Truck Production Index (PSR-TPI) falls 5.2%

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    The Power Systems Research Truck Production Index (PSR-TPI) decreased from 115 to 109, or 5.2%, for the three-month period ended March 31, 2019, from the fourth quarter of 2018. The year-over-year (Q1 2018 to Q1 2019) change for the PSR-TPI was basically flat,  moving from 110 to 109, or .91%.

    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 CV Link™, the proprietary database of commercial vehicles maintained by Power Systems Research.

    Here is the analysis of changes by region.

    Summary: Commercial truck demand in North America and portions of Eastern Europe are expected to be relatively strong for much of the year while most other regions are experiencing a slowdown.  However, no regional recessions are expected.

    Global Index: Much like the global economy, medium and heavy truck demand is expected to slow this year and into 2020.  Currently, a global recession is not forecasted. However, a cooling off is expected.  According to IHS Markit, global GDP was 3.2% in 2018 and is expected to edge down to 3.1% in 2019 and 2.9% in 2020.

    North America: Medium and heavy commercial truck demand continued to be strong during the first quarter driven by the current state of the economy.  Class 8 truck demand is expected to remain strong through most of the year, but a cyclical slowdown is expected toward the end of 2019 into 2020.  The medium duty segment continues to enjoy strong consumer and vocational demand.

    Europe: Despite the slowing European economy primarily due to weak external demand and political uncertainty, MHCV sales are expected to remain relatively strong this year.  Demand in Eastern Europe is expected to be stronger than Western Europe as the trucking companies continue their replacement demand.

    South Asia: After exceptionally high sales during the past two years, MHCV demand is expected to decline in 2019 primarily due to weakness in India.  Truck overcapacity of 15% – 18%, along with an overall slowdown in the automotive segment will contribute to this situation.  With the industry focusing on the BS-VI emission regulations scheduled for implementation in April 2020, we can expect some choppy demand toward the end of the year.

    South America: Primarily driven by Brazil, MHCV demand continues to improve after several years of poor sales as a result of a weak economy.  Domestic and export sales started to improve in 2017 and continued through last year.  While truck exports are the main reason for this increase, domestic demand has also significantly improved during the past year.

    Japan/Korea: Demand for MHCV’s is expected to decline slightly this year as both the domestic and export economies slow.  Most of the production in Japan is for export which provides for very diverse vehicle markets.

    Greater China: After two years of very high demand in the heavy commercial truck segment, demand is expected to decline this year primarily due to a slowing economy and relatively high truck capacity and higher truck prices partly due to the cost of emission technology and lower freight rates.  The combination of a slowing economy and relatively high truck capacity, demand is expected to be soft during the next few years.

    The next update of the Power Systems Research TPI will be in July 2019 and will reflect changes in the TPI during Q2 2019.  PSR

  • PowerTALK, March 2019

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    Forklift Production Climbs in 2019

    Production of Rough Terrain Forklifts in the U.S. this year is expected to be about 14,400 units, according to Carol Turner, PSR Senior Analyst, Global Operations. Her report is one of the Top Stories in the March 2019 issue of the PSR PowerTALK newsletter.

    Other stories include a report on the 2019 Moscow Boat Show, a report on Q4 2018 gen-set sales in North America as part of PSR’s quarterly PowerTRACKER proprietary survey, plus stories from Asia, India, South America and Europe.

    TOP STORIES

    • Rough Terrain Forklifts
    • EGSA Conference Report
    • NA Gen-Set Sales
    • Argentina LV Production Drops
    • Columbia LV Sales Forecast
    • China Boosts Methanol Use
    • Deutz Posts Strong Earnings
    • Kawasaki Completes India Plant
    • Doosan Wins Contracts
    • Indonesia Backs EVs
    • India Plans Tariffs
    • India Car Sales Decline
    • Moscow Boat Show Report
    • Russia Electric Car Market
    • Japanese Trucks in Moscow

  • Generator Sales Continue Strong in Q4 2018

    SUMMARY: Gen-set sales in North America continued to grow in Q4 2018, with dealers reporting an overall unit sales increase of 6.7% over Q3 2018, largely due to a continued strong demand level for standby units by private consumers.

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  • PowerTALK February 2019

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    Ford Plans To Shut Down Brazil Truck Operations

    The February 2019 issue of PowerTALK includes information on Ford’s plans to shut down its truck business in Brazil, a report on global Snowmobile production, and a 2019 economic forecast for North America.

    Here are other Top Stories in this issue of PowerTALK:

    • Brazil Off-Hwy. Sales Up 13%
    • Michelin Expands in Brazil
    • Brazil Investment Growth
    • Beijing To Implement NS6b Rule
    • Kia Expands in India
    • SE Asia Auto Sales Soar
    • India Expands EV Measures
    • Chetra Builds Deere Components
    • VW Ups Russia Investment

  • PowerTALK January 2019

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    Vietnam Auto Industry Develops

    The January 2019 issue of PowerTALK includes a report on Vietnam’s auto industry. This is the first in a series of occasional reports on Vietnam business conditions that will be available in PowerTALK.

    Here are other Top Stories in this issue of PowerTALK:

    • Locomotive Production
    • Truck Production Climbs
    • Beijing To Add 5G for Vehicles
    • GM May Leave SA
    • Boot Show Sees Strong 2019
    • Vietnam Pushes Auto Industry
    • Ford May Close Russia Plants
    • Hyundai To Open EV Plant

  • Q4 2018 PSR Truck Production Index (TPI) Up 3.5%

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    ST. PAUL, MN — The Power Systems Research Truck Production Index (PSR-TPI) increased from 115 to 118, or 2.6%, for the three-month period ended Dec. 31, 2018, from Q3 2018. The year-over-year (Q4 2017 to Q4 2018) gain for the PSR-TPI was 3.5%, climbing 4 points from 114 to 118.

    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 CV Link™, the proprietary database maintained by Power Systems Research..

    Except for North America, most of the other key regions are beginning to see an economic slowdown. Regarding the commercial truck market, a slowing global economy along with generally strong truck sales during the past few years is placing downward pressure on commercial vehicle adoption rates.   

    Detailed comments are contained for each region with a corresponding regional graph in the attached downloadable PDF. PSR

    Jim Downey is vice president -global data products at Power Systems Research

    Chris Fisher is the senior commercial vehicle analyst at Power Systems Research

  • PowerTALK December 2018

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    Ceres Power and Weichai Finalize JV in China

    Ceres Power, a world-leading, low cost solid oxide fuel cell company, and Weichai Power, one of the leading automobile and equipment manufacturing companies in China, have completed their long-term strategic collaboration announced last May. This includes a Joint Venture agreement with the commitment to create a fuel cell manufacturing JV in China, a license agreement to transfer key technology to the JV and a new £9 million joint development agreement. It also triggers a further £28m equity injection into Ceres Power.

    Top stories in this issue of PowerTALK include

    • Light Tower Production
    • Weichai Completes Hydrogen JV
    • 2018 India Auto Report
    • Russia Autonomous Vehicle Tests
    • Honda Launches EV Scooter
    • Rising Demand for Electric Lifts
    • Brazil Truck Sales Climb
    • Power Gen Show Report

  • PowerTALK November 2018

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    Global Truck Production Drops in Q3 2018

    Global truck production dropped in Q3 2018, according to the Power Systems Research(PSR) Truck Production Index (PSR-TPI).

    You’ll find the details in the November issue of PowerTALK, the monthly world news and analysis report from PSR. You’ll find lots of other news as well, including detailed reports from the show floors of EICMA (the international motorcycle show in Milan) and GIE+Expo, the lawn and garden show held in Louisville, KY.

    Top Stories

    • US Snowblower Production
    • Global Truck Production
    • Batteries Power GIE+Expo
    • Positive Signs in Brazil
    • Electrics Popular at EICMA
    • China Launches CN-6
    • Isuzu Autonomous Partnership
    • Korea Invests Abroad
    • TATA Posts Sales Increase
    • Ford Russia JV Supplies Europe
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