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Hyundai to Bring New Van to Europe

Europe looks to be getting a new Hyundai van.Take a look here for the details of the new H1 model - destined for both the EU and Asia. Given HMC's success in the US - driven primarily through offering an almost bomb proof warranty on its passenger car range - you'd be foolish not to take the Korean OEM very seriously indeed in the LCV sector.

More Grief for Gardell.

We're beginning to feel a bit sorry for Christer Gardell.In truth, that's probably an exaggeration, but even so. No sooner has he been told that he's not wanted on (the AB Volvo) board - despite having around 10 per cent of the vote - he's being given the Bronx Cheer by Volvo AB Chairman Finn Johnsson.

Indian Truck Operators Up Freight Rates to Match Increased Borrowing Costs.

There's an interesting tale in the Indian press that concerns local truck operators' plans to up freight rates as a result of interest rate increases that have increased cost-of-ownership by almost 40 per cent.Truck companies are planning to increase freight rates by 10-15 per cent after the prevailing interest rate rose from 10 to 15 per cent a few months ago. Over 98 per cent of Indian commercial vehicles are financed.

Chinese Transit Sales

The Jiangling Motors Corporation-produced Ford Transit sold 5780 units in China during Q1 2007. This gives it a 30 per cent market share - according to JMC figures - and represents a 1.14 per cent year-on-year improvement.

KamAZ in Pakistan Part 2

More news here about KamAZ's plans for Pakistan, as alluded to yesterday.It is to create a new joint venture in Pakistan to both sell and service trucks, with an initial investment of between $1.5 and $3 million. KamAZ already manufactures trucks in Pakistan and plans to increase the local content from the existing 15 per cent to 40 per cent.

Bulgarian Q1 2007 Sales Rise 127 Per Cent

There's still plenty of momentum in the Bulgarian truck market.Q1 2007 figures released today by the Union of Automobile Importers show that the market is up 127 per cent year-on-year, with 570 new trucks and buses sold. ?The actual sales figures should somewhat higher because not all truck dealers are members of the union - 2006 non-union member sales reached 1000 units. The 18-44 ton segment remains the largest, with 62.6 per cent of the sales total. ?Here, Mercedes-Benz leads with 228 sales or a market share of 40 per cent, followed by Iveco in second place.

Kamaz has Breakfast in Pakistan

It seems as if Kamaz is angling for a bit of business from Pakistan, according to this report.In Q1 2007 Kamaz saw a 40.7 per cent year-on-year increase in sales to RUB16.73billion ($645.2 / €480.53 / £326.42 million), as a result of sales of 11,060 trucks and 13,290 engines.

Vinaxuki Gets to Euro 3 Via JinBei Truck

Some more Chinese news here.According to Vietnamese newspaper Ha Noi Moi, Xuan Kien Co - the owner of the Vinaxuki truck brand - will launch a Euro 3 compliant into the Vietnamese market during the second half of 2007.

New MCV, New Plant for Ashok Leyland

An interesting tale here about a new Medium Commercial Vehicle in the Ashok Leyland stable.Whilst here is talk of another Ashok Leyland production plant.