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2022-08-20

Hino Motors’ Engine Fraud Covers 560,000 vehicles

FAR EAST: JAPAN REPORT
Akihiro Komuro
Akihiro Komuro

Hino Motors has announced that the falsification of diesel engine emission values, which was previously announced in March, had been taking place since at least 2003 or earlier. The company had previously stated that the fraud began in the fall of 2016. In 2016, the company also revealed that it had falsely reported to the MLIT (Ministry of Land, Infrastructure, Transport, and Tourism) in response to its request for a fact-finding survey on exhaust gas and fuel efficiency tests.

Source: The Nikkei

PSR Analysis: Although I do not wish to make such negativity a theme, I cannot overlook this issue. The impact on the industry of the fraud at Hino, which has the top share of the medium- and heavy-duty truck sector in Japan, is significant. Isuzu has suspended shipments of four bus models that use Hino engines. Not limited to the automotive field, Tadano cranes, Kobelco hydraulic excavators, Hitachi Construction Machinery wheel loaders, and Kato rough terrain cranes have also been forced to suspend shipments after the problem came to light.

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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

2019-11-19

Innovation Was the Name of the Game at Agritechnica 2019

HANNOVER, Germany–For many years, Agritechnica has been growing and strengthening its role as the top European agricultural trade show. Despite the struggles that the industry is facing, with declining order books and a less than enthusiastic outlook for 2020, Agritechnica 2019 held here Nov. 11-16, 2019, reaffirmed its position as the most important ag tech event in Europe.  The show reported 2,820 exhibitors and 450,000 visitors, more than 130,000 of them from outside Germany.

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PowerTALK™ News November 2019

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The annual Agritechnica Show in Hannover, Germany, is often called the world’s leading trade fair for agricultural machinery, and this year’s event Nov. 10-16, was no exception. Innovation was the name of the game at the show. Read the report by Power Systems Research analysts who walked the show in the November issue of PowerTALK News.

Other Top Stories in the November 2019 issue of PowerTALK News include:

  • No Economic Growth Seen for NA
  • Innovation Name of the Game at Agritechnica 2019
  • John Deere Wins Gold at Agritechnica 2019
  • US Zero Turn Mower Growth Expected
  • Volvo Plans EV Charging Investment in Brazil
  • Honda Halts Auto Production in Argentina
  • China Plans 20,000 Electric Taxis
  • Japan Considers EV Subsidies
  • South Korea EV Exports Double
  • Philippines Eyes Duty on Car Imports
  • India EV Market Needs Help
  • India Tractor Sales Grow
  • Russia Mobile Phone Firms Plan Charging Stations
  • Russia Speedboats To Get Asian Engines
  • Liebherr Plans Russia Plant

2020-02-04

Near Term Recession Fears Recede in North America

SUMMARY.  The North American economy remained stable in 2019 and pure economic conditions as well as fundamentals in the region were favorable. Most industries performed very well, and the short-term outlook remains stable to flat for most market segments. However, we see many new developments that could suggest a shift in the trend.

Yosyf Sheremeta
Yosyf Sheremeta

Consumer confidence declined slightly in December, following a moderate increase in November.  The Conference Board’s Consumer Confidence Index stood at 126.5 in December, 1.4 points higher than in September 2019. 

Per Lynn Franco, Senior Director of Economic Indicators at The Conference Board: “While consumers’ assessment of current conditions improved, their expectations declined, driven primarily by a softening in their short-term outlook regarding jobs and financial prospects. While the economy hasn’t shown signs of further weakening, there is little to suggest that growth, and in particular consumer spending, will gain momentum in early 2020.”

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PowerTALK May 2019

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New Initiatives Announced at Power Systems Research

New initiatives at Power Systems Research (PSR) are spelled out by Joe Zirnhelt, PSR president and CEO, in the May issue of the company’s monthly PowerTALK report.

Here are more TOP STORIES in PowerTALK, May 2019:

  • NA Crane Production Slows
  • No Slowdown in NA Economy
  • Y-O-Y Global Truck Production Is Flat
  • Brazil Agshow Sales Up 6.4%
  • China Expands NS6 Emission Regulation
  • JCB Lands Record Order
  • Honda Readies EV
  • SoCar, Tesla Collaborate
  • Malaysia Backs National Car Brand
  • India Halts e-Bike Sales
  • India Tractor Sales Drop
  • Russia To Support GAZ Group
  • Belaz Tests Driverless Truck
  • Hino Truck Builds Plant in Moscow
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2020-04-25

RUSSIA REPORT: April 2020

Large Russian Automakers Resume Work After One Week Stop

Many automakers who suspended work March 30 in Russian, as ordered by the government to the reduce spread of the COVID-19 resumed work April 6. The firms including KAMAZ, AutoVAZ, GAZ Group, Mazda Sollers.

Maxim Sakov
Maxim Sakov

However, 98% of office personnel are working remotely. Started working YAMZ, Yaroslavl plant of diesel apparatus and some production lines of Likino bus plant. Procurement production of GAZ plant in Nizhny Novgorod is also working. Schedule of main production lines will be determined within a week depending on situation on suppliers’ plants.      Read The Article

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Product Definitions Guide

Product Descriptions by Segment and Application Power Systems Research tracks some 250 products in 13 major industrial segments. This Guide defines each product that PSR lists in its proprietary databases. Segment: Agriculture Application: 2-Wheel Tractors 2-Wheel Tractors Application: Ag Tractors 2-Wheel Drive Tractors 4WD Articulated Ag Tractors MFWD Tractors (Mechanical Front Wheel Drive) Tracked Ag

Gen-Set Sales Plateau as Supply Chain Catches Up in Q1 2021

Joe Zirnhelt
Joe Zirnhelt

SUMMARY: Our PowerTrackerTM dealer and distributor survey of 200 respondents reported that overall gen-set sales declined in Q1 2021 down 7.4% from Q4 2020 levels.  This decrease follows three consecutive quarters in 2020 where dealers reported overall sales increases of 4.5% in Q2 2020 followed by 11.9% in Q3 2020 and 6.3% in Q4 2020.

Although sales were down 7.4% in the first quarter, the results were unique in that there was a different story depending on the fuel and power range being considered.

The data comes from the proprietary PowerTrackerTM series of syndicated surveys conducted each quarter by Power Systems Research. A total of 300 interviews are completed each quarter with gen-set dealers and distributors and businesses across North America.

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