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AB Volvo: No Chancers Here.

AB Volvo has announced the candidates for election to its Board of Directors, and there seems to be no place for Cevian Capital CEO Christer Gardell.The fact that Volvo has given the Bronstjarn Cheer to Gardell leads to an intriguing situation.

MAN: Doomed, but Fun to Watch

The disaster zone that is MAN AG lurches from bad to worse, with the imposition of Martial Law and the deployment of the National Guard seemingly just minutes away.Why do we say this? News here suggests that VW is to take a 30 per cent stake in the German OEM, and will demand three seats on its supervisory board.

GAZ Targets the World

And on the subject of the Russian CV market, here is a missive from the GAZ Group, which has announced the complete integration of GAZ International (aka LDV) into the parent company's structure.A spokesman says: "Earlier we had no centralized structure which would sell our products abroad so the group's divisions had to do this themselves. However we now pursue the policy of expansion to the world markets and there arise a need in a unified sales company," Watch this space.

Scania Takes Over GM's Sodertalje Powertrain Plant

News here confirms that Scania will take over the GM - formerly Saab - Powertrain facility in Sodertalje.This move has been reasonably well trailed, but its confirmation serves two purposes. On the one hand, Scania's XPI Technology - born as a result of a JV with Cummins now has a European as well as a NAFTA home.

Global Liquidity, Local Problem.

We had a look at some housing statistics a day or so back, and argued that they don’t make happy reading if you’re involved in the truck business.But today’s featured doomsayer is Washington Post columnist Robert J. Samuelson. He has stuff to say about the impending Global Liquidity Crisis that isn’t likely to make anyone feel comfortable.

Volvo Gets the Rest of Nissan Diesel

Volvo has swooped on the remaining bit of Nissan Diesel in a $1.1 billion/ €834 / £560 million deal. The Swedish OEM already owns just over 19 per cent of Japan’s smallest truck maker.This is a good deal for Volvo.

More US Auto Woes

Here is a well-written, considered article that deals with globalisation and the automotive sector. To our mind, it offers yet another reason to consider the US auto business as being very much a sunset industry.