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Komatsu Reports $650 Million USD Impact of US Tariffs
Akihiro Komuro Komatsu announced that its consolidated net income for the fiscal year ending March 2026 is expected to decrease by 30% year on year to 309 billion yen. This is lower than the market forecast of 403 billion yen. The U.S. administration’s tariff policy will have a negative impact of $650 Million USD (94.3 billion yen). The exchange rate assumption of 1 yen = 135 yen (compared with 152.8 yen in the previous fiscal year) is also a factor, as it reflects an appreciation of the yen by approximately 8 yen compared with the current market rate.
Of the 943 billion yen, 785 billion yen is attributable to increased production costs due to tariffs, and 158 billion yen is attributable to a decrease in sales volume due to reduced demand.
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KTM Grapples with Restructuring Efforts
Emiliano Marzoli The KTM Group, under the parent company Pierer Mobility AG, is currently navigating significant financial headwinds. Late November 2024 saw KTM AG enter a 90-day period of self-administration, a form of insolvency protection, burdened by approximately €3 billion in debt.
This move initiated a critical restructuring phase aimed at stabilizing the company’s financial position. A key milestone was reached in late February 2025 when creditors approved KTM’s restructuring plan, agreeing to a 30% debt repayment by May 23, 2025. This agreement hinged on KTM successfully raising €600 million by this crucial deadline, leading to an active search for potential investors.
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Layoffs Begin in the North American Truck Segment
Chris Fisher Both Volvo and International Truck have initiated layoffs this year due to sluggish orders and high production capacity in preparation for a potential 2026 truck pre-buy ahead of the phase 3 GHG Emission Regulations scheduled for implementation in 2027.
Volvo Trucks North America plans to lay off up to another 350 workers from a Virginia plant as part of job cuts affecting up to 980 employees across the country since the beginning of the year.
Employees at the New River Valley plant in Dublin, Virginia, were notified of the workforce reduction this month, and their last day at the facility will be June 27, Volvo spokesperson Janie Coley said.
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PowerTALK™, May 2025
Download PDFThe May 2025 issue of PowerTALK™ News contains a report from Chris Fisher, Senior Commercial Vehicle Analyst, on layoffs in North American trucking business, an update on KTM’s restructuring efforts, a report on Agrishow 2025 in Brazil, and news of a development agreement between Toyota Motor and China Truck Group.
IN THIS ISSUE
ALTERNATIVE POWER REPORT
- Volvo Announces World’s First Electric Articulated Hauler
- Aeson Power Unveils Sodium Battery Products
- IMO Votes First-Ever Global Carbon Price on Shipping
- CATL Next Generation Batteries Coming Soon
NORTH AMERICA REPORT: Layoffs Begin in the North American Truck Segment
DATAPOINT: North America 2025 Production, Zero Turn Mowers
SHOW REPORTS: Agrishow 2025: Innovations in Ag Equipment
JAPAN:- Japan Engine Conducts Final Tests on Ammonia Marine Engine
- Komatsu Reports $650 Million USD Impact of US Tariffs
CHINA: China Truck Group, Toyota Motor Sign Development Pact
INDIA: Evaluating Mahindra’s Acquisition of SML Isuzu PSR -
2025 NA Zero Turn Mowers Production
Download PDF841,500 units is the estimate by Power Systems Research of the number of Zero Turn Mowers expected to be produced in the United States in 2025.
Zero Turn Mowers are Zero-Turn Mowers are riding lawn mowers that have a turning radius that is effectively zero inches. Models are made for either residential or commercial applications.
This product information comes from industry interviews and from two proprietary databases maintained by Power Systems Research: EnginLink™ , which provides information on engines, and OE Link™, a database of equipment manufacturers. PSR
For details, download the complete report above.
Carol Turner is Senior Analyst, Global Operations, at Power Systems Research
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