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Piech Gets Scania Board Seat

Gunnar Larsson has notified the nomination committee of Scania that he is no longer available for re-election to the Board due to other duties. The nomination committee of Scania proposes the election of Prof. Dr. Ferdinand K. Piech as member of the Board of Scania at the Annual General Meeting of Scania which is held on Friday 4 May 2012. Prof. Dr.Piech is Chairman of the Supervisory Boards of Volkswagen AG and MAN SE. He was Chairman of the Board of Scania between 2000 and 2002 and member of the Board of Scania between 2002 and 2003.

BelAZ Announces IPO

News here that Belarussian OEM BelAZ is to hold an IPO, the first such exercise in Belarus.

US Driver Shortage Begins to Bite

As a result of both CSA 2010 and seemingly improved local hiring opportunities in the construction sector, in the US, drivers are becoming harder to find and harder to retain.

Kenworth Culls Workforce, Cuts Capacity by Ten Percent

Bad times in Chillicothe, where Kenworth has taken fairly drastic action in the light of falling order intake. But KW has been one of the stars of the cycle, and has been putting on market share. So what can we expect from those NA OEMs that have been loosing share?

DTNA Recalling Up To 8747 Units

News here that Daimler Trucks North America is recalling up to 8747 vehicles as a result of a seat defect. The news come on top of earlier reports of a 100,000 unit recall for fuel line issues in trucks fitted with DD engines built between 2006-2012.

AMW Sales Soar

AMW has seen sales pass the 10,000 mark according to this report.

Bad Times in Brazil

SAO PAULO -(Dow Jones)- Brazil's drop in truck production, which has been dragging down the country's industrial output and economic growth as a whole, may not recover this year after a sluggish first quarter, the auto maker's association Anfavea said Thursday.

Daimler Plans to Raise Stake in Russian Truckmaker KamAZ

Daimler plans to raise its stake in KamAZ to 64 percent by the end of the decade, according to this from Bloomberg. We have long wondered who is really in charge of this deal, and the article does, it must be said, offer a very much Daimler perspective on things.