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Iveco's Brazilian R&D Plans. Not for Tata - Yet.

The fog clears a bit with reference to Iveco's announcement that it is to open a new R&D facility in Brazil at the Fiat Sete Lagoas plant at a cost of some $15 million.This is Iveco's second major investment in Brazil this year.

More on DaimlerChrysler and India

We reported yesterday the rumour that DaimlerChrysler was considering going it alone in the Indian market by establishing a new truck plant at Pune, and this report lends some credence to the gossip.It seems that the negotiations with Eicher have come to nothing - but quite what DC will do with its close to four per cent stake in the Indian OEM remains to be seen.

Kamaz to be Privatized in 2008

According to this report, Kamaz - Russia's most significant truck OEM - will be privatized during 2008, with an IPO likely to come during Q3.

Renault Begins Taiwanese Assembly

More news from Taiwan, where DAF's on-off relationship with Formosa Motors continues to cause intrigue.This time its Renault, and the announcement that the first eight Euro 4 compliant Renault Premium 450.26 T 6x2 trucks have been assembled in the Arcadia Motor plant, Renault Trucks' local dealer.

DaimlerChrysler Fleet Tests Hybrid Sprinter

In what it calls 'a display of commitment to the development of hybrid powertrain architecture and advanced batteries', DaimlerChrysler is expanding its concept plug-in hybrid program to include the new Sprinter.Up to 20 Dodge-badged Sprinter Plug-in Hybrid Electric Vehicles (PHEV) will be placed in the United States between now and the first quarter of 2008 as part of a test-fleet program. Four of the vehicles, built on the previous Sprinter platform, are already are in operation with customers.

Tata Completes Acquisition of Hispano Carrocera

Some bus news.Tata is to buy out the remaining 79 per cent of Spanish bus builder Hispano Carrocera for an undisclosed amount. The Indian OEM acquired a 21 per cent piece of the Spanish company in 2005, and is now exercising its option - which had another three years to run - to take on the rest.

Volvo, Fuso, Scania and Yuejin Expand in Asia

Some Asian news.According to this report, Volvo Malaysia is seeing strong truck market demand and is forecasting 2007 sales of around 350 units. "The demand for trucks in Malaysia remains strong in a very competitive market," said Goran Nyberg, Managing Director, as quoted on Business Times Malaysia. Volvo currently has around 13 per cent of the overall Malaysian market, and its products account for around 33 per cent of the tractor unit business

Kamaz Leasing Business Doubles Year on Year.

Or more than doubles, according to this report: in February 2007, it placed 290 vehicle units with customers - valued at RUR378 ($14.55 / €10.89 / £7.4) million as compared with 132 units - valued at RUR151 ($5.81 / €4.35 / £2.95) million in February 2006.Which all sounds like rather nice business.

GAZ Profits Rise

And here's some news from the GAZ Group, where profits rose 2.3 fold in the first nine months of 2006.