Global

  • COVID-19 Hits European Pleasure Marine Industry

    Natasa Mulahalilovic
    Natasa Mulahalilovic

    The year 2020 started very well for pleasure boat builders across the Europe but it was battered in mid-year by COVID-19. The Dusseldorf trade show, Boot, held at the end of January, ended with a positive outlook and promising results for 2020. Order books were full, thanks to the great boating mood created in previous years.

    The unexpected and violent Covid-19 storm came up in March. Nobody was prepared to face the challenge. Builders had to stop production or to reduce their capacities to a minimum during April and May. Production schedules had to be reorganized according to security measures imposed by the local governments.

    Read More »

  • DATAPOINT: US Excavators, 2020 Production Forecast, 17,125 Unit

    The 17,125 units is the estimate by Power Systems Research of the number of Excavators to be produced in the U.S. in 2020.

    This 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.

    Read More »

  • Market Updates: PowerSports, Lawn & Garden and Marine

    New Powerboat Retail Sales Up 8%

    Michael Aistrup
    Michael Aistrup

    Data from the National Marine Manufacturers Association shows August was another strong month for new powerboat retail sales, which were up 8% year to date on a seasonally adjusted basis compared to a year ago.

    New power boat retail sales did slowed in August following increases in the early summer months. Total sales were down 13 percent compared to July, while sales are still strong with increases across all major categories, year to date. Sales of saltwater fishing boats, tow boats, cruisers and yachts each had double-digit growth ranging from 11 percent to 15 percent, compared to 2019.    PSR

    Read More »

  • TRATON-Navistar Merger Impacts Engine Development

    Chris Fisher
    Chris Fisher

    In November, Volkswagen’s TRATON group and Navistar announced a merger agreement in which TRATON will acquire all outstanding shares of Navistar.  Previously, TRATON held 16.7% of Navistar’s common shares.  The deal is valued at $3.7 billion and is expected to be finalized in mid-2021.

    Navistar has been in collaboration with TRATON’s brand MAN for a number of years, primarily with regard to engine development.  PSR believes additional engine offerings will be one of the primary goals to improve profitability and long-term market share improvement within the class 8 truck segment.

    Read More »

  • Power Systems Research and JCB Power Systems Offer Construction Equipment Outlook Webinar

    , ,
    Register Now


    On Monday, Nov. 30, 2020, at 9:00 am CST, representatives of two leading international firms will present a free one-hour webinar discussing the construction outlook in Europe and North and South America.

    During the session, Power Systems Research and JCB Power Systems will present the latest information on the impact of COVID-19 on construction equipment production. JCB will provide details on emissions in developing engine technologies that are coming to market across the globe.

    Read More »

  • COVID Delays Trade Shows

    Maxim Sakov
    Maxim Sakov

    MOSCOW–October in Russia has seen increasing restrictions related to the COVID quarantine placed on trade shows. Most shows which normally would be held at this time, have been cancelled or shifted to 2021.

    Fairs such as “Busworld” and “Interauto” will not take place this year. However, some events have been included on a so called “exception list,” or official list of trade shows and congresses, planned to be conducted in here from Oct. 20, 2020, to 30 Nov. 30, 2020. Among these events are Mining World and the Heat and Power trade show, held Oct. 27 – 29 in the Crocus Expo Center here.

    Read More »

  • Sollers-Ford Restarts Engine Plant in Elabuga

    Maxim Sakov
    Maxim Sakov

    JV Sollers-Ford will resume production at its engine plant in Elabuga; the plant was closed in the summer of 2019 after Ford has left the Russian Passenger Car market. The engine plant in Elabuga is again owned by JV. Total investment in new project is expected to exceed US$ 8 million (627 million rubles).

    The plant will produce diesel engines for LCV Ford Transit units. Mass production is planned for 2023, and production capacity will be 25,000 engines per year.

    Read More »

  • Production of BelAZ Dump Trucks May Be Started in Russia

    ,

    Minsk has offered to Moscow to localize production of heavy mining BelAZ trucks in Russia. It was announced by deputy of Trade Minister Mr. Evtukhov.

    “At the moment Belorussian colleagues have offered to produce BelAZ trucks in Russian Federation, to localize… I think, this project could be implemented – says Mr. Evtukhov on joint meeting of trade committees of two countries.

    Note, that in Belarus since 9 August the protests have started. BelAZ workers also participated in meetings and strikes.   …

    Read More »

  • Hyundai Plant in St Petersburg To Reduce Production by 15%

    Hyundai plans to reduce annual production by 15% at its St Petersburg plant, according to plant director A. Kossack. As he notes, production volume at the plant has dropped significantly this year: in H1 2020, the plant produced only 73,000 cars, 25% of its production capacity.

    Taking into consideration September’s output of 24,000 cars, total production volume through the end of the year should reach about 200,000 vehicles, almost 15% below the 2019 results. The plant has just returned to a three-shift…

    Read More »

  • DICV To Strengthen Dealership Network

    Aditya Kondejkar

    Daimler India Commercial Vehicle (DICV), a subsidiary of Stuttgart-based Daimler, plans to increase its dealership count by 10% to 250 this year.  Read The Article

    As Ashok Leyland (second largest player in the MH CV segment) is reducing its business to focus on SCV, DICV is adopting an aggressive strategy in the struggling Indian MH CV industry.

    Read More »

Filter News Posts

Reset

Current Reports

Download complimentary reports that show the type of information available from Power Systems Research.

PowerTALK News

Stay informed each month with insights from Power Systems Research analysts working around the world as they identify and comment on important news items in the company’s monthly newsletter.

Subscribe
View Archive