Cummins Completes Third Consecutive Year of Record Sales and Profits
Cummins has reported record sales and earnings for the fourth quarter and all of 2006, marking the third consecutive year of record financial performance for the company. Cummins eclipsed $3 billion in quarterly sales for the first time during the fourth quarter. All four of the company’s operating segments posted record revenues, and Cummins’ Power Generation and Distribution businesses reported record Segment EBIT in the fourth quarter, as well as for the entire year.
Industry Leaders Join to Introduce 2006 Technician of the Year at HDAW
Bendix Commercial Vehicle Systems LLC, Dayton Parts, LLC (DP, LLC), Haldex and SKF recently announced Tyson Sontag as the 2006 Technician of the Year award recipient at the HDAW Awards Program and Reception. Sontag is a technician for McKee Foods Transportation LLC., located in Gentry, AR.
Commercial Vehicle Group Revises Fourth Quarter 2006 Estimates
NEW ALBANY, OH — Commercial Vehicle Group, Inc. (CVGI) said it will lower its fourth quarter 2006 earnings per share estimates by approximately 20 cents to 30 cents, due to specific events occurring during the fourth quarter 2006. Estimates had previously been in the range of 70 cents to 72 cents per diluted share for
ArvinMeritor to Develop First Dual-Mode Heavy-Duty Diesel-Electric Drivetrain for Wal-Mart Transportation
ArvinMeritor, Inc. and Wal-Mart Transportation in Bentonville, AR, are partnering in the development of a dual-mode, diesel-electric drivetrain for a Class 8 tractor. The vehicle, which is believed to be the first dual-mode diesel-electric tractor prototype in development in North America, will be based on an International Class 8 ProStar tractor and powered by an engine developed by Cummins Inc.
PACCAR Announces New Manufacturing and Assembly Facility
BELLEVUE, WA — PACCAR has unveiled plans for a new $400 million powertrain manufacturing and assembly facility in the Southeast United States. The 400,000-square-foot facility strengthens PACCAR’s global manufacturing and assembly capability and positions the company to capitalize on growing opportunities in North America, Europe and Asia, according to Mark Pigott, chairman and chief executive
Dana Completes Sale of Trailer Axle Manufacturing Assets to Hendrickson
Dana Corp. and its subsidiary, Dana Canada Corp., have completed the sale of their trailer axle manufacturing assets to Hendrickson USA, L.L.C., a subsidiary of The Boler Co., and its affiliates. The U.S. and Canadian assets, which include trailer axle production equipment, inventory, and related assets at facilities in Lugoff, SC, and Barrie, Ontario, Canada, were sold for a combined $31 million, subject to inventory adjustments at closing.
PACCAR Expands Presence in China
PACCAR is expanding its business in Asia by opening an office in Shanghai, China. The office will open in 2007 and will focus on purchasing production parts for worldwide operations, as well as the sale of PACCAR powertrain components to customers in Asia.
Freightliner LLC Announces Construction of New Truck Manufacturing Plant in Mexico
PORTLAND, OR — Freightliner LLC has announced plans to construct a new $300 million truck manufacturing plant in Saltillo, Coahuila, in northern Mexico. Dedicated to the production of Freightliner and Sterling trucks, the new facility will provide additional capacity to accommodate Freightliner’s long-range product planning including an expected upturn in industry demand in 2009. Freightliner,
EPA Proposes Service Information Requirements for Heavy Duty Vehicles
From AAIA Capital Report The U.S. Environmental Protection Agency (EPA) proposed last week to require that engine manufacturers provide the independent aftermarket with access to all service information and tools necessary to maintain and repair truck emissions systems. The service information provisions were included in an EPA proposed rule that would require all trucks 14,000
International Engine Group Launches New Web Site
International Truck and Engine Corp. this week launched a new website for its Engine Group, which consists of its North American operations and South American subsidiary, MWM International. The new site, http://www.InternationalEngines.com, presents a fresh look at the world’s leading diesel engine manufacturer.
Truck Accessories Group, LLC Announces Raider Industries’ New Location
Truck Accessories Group (TAG) brand, Raider Industries, will relocate from its Moose Jaw, Canada, location to two Elkhart, IN, facilities in early 2007. Raider Industries is a manufacturer of truck caps and tonneaus. “The relocation is in response to the growing importance of Raider products in the U. S. market,” said President Bruce Freeman.
Holland Group and Otto Sauer Achsenfabrik GmbH Announce Merger
The Holland Group, Inc. and Otto Sauer Achsenfabrik GmbH (SAF) have announced a merger of the two companies. SAF is a supplier of integrated axle and suspension systems for trailers, with headquarters in Germany. Holland Group is a supplier of coupling, lift and suspension systems for trucks, tractors and trailers, with headquarters in Michigan. Terms of the arrangement were not disclosed. The merger is expected to occur by year-end.