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Allison Up for Sale?

GM may be looking for a buyer for its Allison Transmission division, according to this statement, suggesting that the 07 slowdown is now really beginning to focus some minds.

Iveco Better, Future Still Cloudy

And so to Iveco, which has – through parent Fiat Group – made its statement for 2006.Not too shabby at first glance; revenues were up 7.7 per cent to €9.1 / $11.8 / £5.9 billion, and a trading profit of €546 / $708.74 / £359.57 million, up by 64 per cent on 2005, and suggesting a half decent margin of six per cent.Sales are worth a look. In 2006, Iveco delivered a total of 181,500 vehicles (including 17,600 units with buy back commitments), up 5.2 per cent from 2005.

Ford $12.7 Billion in the Hole

For a company to lose more in a year than the GDP of Jamaica is a rip-roaring achievement. A big hand, then to Ford, which has announced 2006 losses of $12.7 billion. Hello 2007, hello Chapter 7?There really is very little you can say about this, beyond wishing Ford employees well as they – one assumes – scan the sits vac column. Can you come back from a $12.7 billion loss? We think it is unlikely.Is there a potential buyer out there?

Scania, Wallenberg, Nonsense

What is wrong with these people?Having just seen £14.54 / €22 / £28.66 million spent on telling MAN to go breed, Investor AB – Scania’s second biggest shareholder – is now suggesting that everyone sits down again and agree a friendly merger.

Scania Up by 12 per cent in 2006

Scania chose to bring forward its 2006 numbers – as a result of its spat with MAN – and we’ve got our hands on them. Interesting to note how much fending off Munich has cost - £14.54 / €22 / £28.66 million.

GAZ and Renault

Renault’s foray into Russia has been consummated with the announcement of the adoption of its DCi11 for installation in GAZ’s Ural range. The engine will be made under licence via an agreement struck in June 2006.Just a thought, but not only is GAZ acquisitive; it’s the new owner of LDV, and the new employer of the litigious Martin Leach; it is also cash rich – which, given the last point may yet prove useful – and has made plain its aims for the CV market.

MAN-Scania. No More. Official.

MAN is to ask Swedish regulators for permission to withdraw its takeover offer for Scania.The German OEM is quoted as saying that it is clear that the conditions of the offer will not be met by Jan 31st when the offer is due to close.It said that discussions between VW, Investor AB and MAN have shown that there is 'an industrial logic' behind a combination of MAN, Scania and Volkswagen Heavy Trucks.

MAN Backs Samuelsson. Family Flowers Only.

MAN has issued a statement backing Hakan Samuelsson.The move comes in the light of reports suggesting that VW was gearing up to get rid of the Swedish CEO. "Coverage in today's press prompted the standing committee of the MAN supervisory board to reinforce their unanimous support for the position of Mr.

Can Renault Survive?

There’s a rumour doing the rounds at present that suggests that Renault SA might be considering divesting itself of its around 20 per cent stake in AB Volvo. And, where there are rumours, there tend to be denials. So what of it?