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Paccar. Needs Watching.

Paccar’s 2006 results are in, and, as we have come to expect from the Bellevue, Washington-based owner of the DAF, Kenworth and Peterbilt brands, they’re good.But ......

Volvo looking at MAN - rumour.

The rumour mill is working overtime at the moment. The latest from investorland is a mooted takeover of MAN by Volvo. Quoted in some reports is Equinet Securities AG Thomas Nagel, who says that there are: "Rumors Volvo AB might bid 90 euros apiece are boosting MAN shares.'' Unlikely, we’d suggest.

Applying the Brakes to Globalisation

This piece of analysis from Morgan Stanley catches the eye. It’s not about trucks per se, but more a counterpoint to the current globalisation debate.The author muses on the possibility of a return to what he terms ‘localisation’, and the impact thereof. And, given that the automotive industry has rushed headlong into a global world, what he has to say is not without significance. Bush is already adopting a quasi-isolationist posture – what happens if the rest of the world follows?

Week of Reckoning for Navistar

There’s an interesting report here concerning Navistar’s continuing woes.Tomorrow – Tuesday – it meets with NYSE officials with a view to postponing its mooted delisting from New York’s major exchange. If it gets dumped, then Navistar shares will be moved to the Pink Sheets.

Volvo Adds Nightshift to Gent Plant

Despite the mooted downturn in the EU truck market this year, Volvo is to add a nightshift at its Gent plant, and, in the process, is looking for 400 additional staff, according to local radio reports.A Volvo spokesman confirmed the move, adding that the company is eliminating overtime and the use of the Time Bank process.Is this a case of under-capacity, or is it a case of manufacturing consolidation? Apparently, this is move is aimed at bumping up FH/FM production, so obviously Volvo is optimistic about the prospects for 07. Or so it would seem.

Iveco and .......

Good to see that Sergio Marchionne is getting with program and talking about Iveco and possible mergers, as per the FT this morning.

China in 2007: Be Afraid?

The future direction of the Chinese truck business is discussed in this article published by China Economic Net.It makes a number of seemingly valid points, which, when combined, suggest that 2006 was the year that the Chinese truck industry matured – from the perspectives both of the manufacturer and the buyer. Weights are increasing – witness the decline in quasi-heavy or medium duty products – and the corresponding rise in heavy duty.But the most interesting observation is, for us, that which concerns emissions.

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.