Volvo, Iveco, MAN, and Scania: sales up 39% in 2010 and 35% in 1st half 2011
Iveco and Scania develop engine that meets Euro VI, while Volvo launches heavy hybrid truck
In 2010, four commercial vehicle (CV) manufacturers in Europe, Volvo, Iveco, MAN, and Scania, increased their sales by about 39% from 2009, when their sales halved due to recession. In the January-June period of 2011, their sales continued to increase by about 35%. Volvo estimates that the scale of the 2011 heavy truck market will grow by 15-20% in Europe and will continue to be expanding in emerging markets such as Russia and Brazil. Concerning the 2011 revenues, Iveco forecasts a 13% increase and MAN 15-20%, while Scania estimates recovery to continue.
In Europe, a new emission regulations, Euro VI, will come into force starting in January 2014 for all medium-/heavy commercial vehicles. As part of its measure against the new regulation, Iveco announced an engine that meets Euro VI with urea SCR technology, while Scania unveiled an engine with urea SCR and EGR. Volvo launched a truck that runs on methane gas and diesel fuel and a heavy hybrid truck.
In increasingly important emerging markets, Volvo has won a contract for hybrid buses in Brazil while Iveco unveiled a new model in the medium segment in Brazil. MAN started production of trucks in Russia and will market a heavy truck in China under a new brand with Sinotruk.
In the meantime, Scania will boost production capacity of its truck plant in Sweden by 20% to 120,000 a year in order to prepare for an increase in demand in the future.
Volvo/Iveco/MAN/Scania: Sales volume, sales, and operating profit
|Total sales volume of
Source: Four companies' Annual Report 2010, Interim Report Q2 2011
(Note) MAN is the CV division of the MAN Group. SEK stands for Swedish Krona. The exchange rate is about 0.11 Euro or 12 yen per 1 SEK as of late August 2011.
(Reference) Number of registered new medium/heavy duty CVs in Europe
|3.5t＜≦16t||18 Western European countries||404,615||406,216||255,691||259,388||32,779||37,790|
|New EU members||72,734||64,459||23,303||30,712||2,435||2,984|
|16t＜||18 Western European countries||289,599||291,012||172,432||176,335||71,289||104,330|
|New EU members||55,347||47,122||14,967||22,271||8,163||18,828|
|Total||18 Western European countries||694,214||697,228||428,123||435,723||104,068||142,120|
|New EU members||128,081||111,581||38,270||52,983||10,598||21,812|
|Source: ACEA (Association des Constructeurs Europeens d'Automobiles g.i.e.)|
|(Note) 1.||Eighteen Western European countries mean 15 original EU countries plus Norway, Switzerland and Iceland.|
|2.||New EU member countries are Czech Republic, Estonia, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia, Hungary, and Bulgaria.|
|3.||The data in January-June 2010/January-June 2011 do not include medium-sized/large buses. The number of registered medium-sized/large buses in Europe is 17,672 in January-June 2010 and 17,058 in January-June 2011.|
|4.||The global production of heavy trucks and buses (according to the OICA statistics) is introduced at the end of the Report for the readers' reference.|
Volvo: launches green vehicles including a methane-diesel truck and a heavy hybrid truck
In 2010, Volvo increased sales by 38.3% from 2009 to 190,000 as the market in Europe was gradually recovering and the emerging markets including Brazil and India continued to be strong. Revenues grew by 21.2%. Operating profit/loss recovered from a 17 billion SEK loss in 2009 to an 18 billion SEK profit.
In the January-June period of 2011, sales grew by 42.9% and operating profit increased to 14.2 billion SEK (Yet, it fell by 400 million SEK due to the Great East Japan Earthquake and by 3 billion SEK due to the exchange rate fluctuations).
In March 2011, as green vehicles, Volvo launched a methane-diesel heavy truck. In addition, it started marketing heavy hybrid trucks under the Volvo and Renault brands.
Japan-based UD Trucks launched the Condor, a medium truck that it has fully remodeled. The company independently developed a midsize engine to be used in the Condor, which the Volvo Group plans to use on its trucks.
Volvo's sales volume by brand and region
|Europe||North America||South America||Asia||Others||Total|
|Source: Volvo Group Annual Report 2010|
|(Note) 1.||UD Trucks is the former Nissan Diesel, which was renamed in February 2010. It is a consolidated subsidiary of Volvo starting in the 2nd quarter of 2007.|
|2.||The data of Truck Total of Asia include the sales of VE Commercial Vehicles, an Indian joint venture, of which results were consolidated from August 2008. The 2008, 2009, and 2010 sales were 2,744, 10,175, and 16,359, respectively.|
Volvo Group's business results
|(1 million SEK)|
|2006||2007||2008||2009||2010||Jan.-Jun. 2010||Jan.-Jun. 2011|
|Sales volume (vehicles)||230,291||246,272||261,088||137,538||190,218||84,402||120,639|
|Net sales||Trucks Buses Others||171,265 17,271 70,299||187,892 16,608 80,905||203,642 17,350 83,650||138,940 18,465 60,956||167,305 20,516 76,928||78,077 10,320 38,985||95,682 10,452 44,405|
|Operating income (loss)||Trucks Buses Others||14,828 745 4,826||15,193 231 6,807||12,167 (76) 3,760||(10,805) (350) (5,858)||10,112 780 7,108||3,922 404 3,243||9,392 556 4,222|
|R & D costs||8,354||11,059||14,348||13,193||12,970||6,205||6,679|
|Source: Volvo Group Annual Report 2010, Report on the second quarter 2011|
|(Note) 1.||The CV Division of the Volvo Group consists of Volvo Trucks, Renault Trucks, Mack Trucks (US), UD Trucks (former Nissan Diesel, of which results were consolidated from the second quarter of 2007), VE Commercial Vehicles (a joint venture in India, of which results were consolidated from August 2008), and Volvo Buses. Mack specializes in heavy trucks of GVW 16 tons or greater; Volvo and UD Trucks primarily build heavy trucks; and Renault and VE Commercial Vehicles produce light trucks to heavy trucks.|
|2.||The Volvo Group is comprised of Construction Equipment, Volvo Penta (marine engines), Volvo Aero (aircraft engines) and Financial Services in addition to the CV Division.|
Volvo Group's sales by region
|(1 million SEK)|
|2005||2006||2007||2008||2009||2010||Jan.-Jun. 2010||Jan.-Jun. 2011|
|Western Europe Eastern Europe||106,479 11,401||114,689 16,042||124,239 27,116||124,261 28,212||84,452 9,632||87,241 12,570||42,557 5,489||49,859 9,495|
Source: Volvo Group Annual Report 2010, Report on the second quarter 2011 (Note) The data in 2005 show sales by region of the whole Volvo Group. The data after 2006 show sales by region of the Volvo Group's industrial operations except the Financial Division.
Volvo Group's green vehicles
|Volvo FM MethaneDiesel||The Volvo FM MethaneDiesel was launched in March 2011. It is Europe's first (according to Volvo) long-distance heavy truck with a conventional diesel engine equipped with gas injectors, which runs on liquefied methane gas and diesel. This truck is powered up to 75 percent by methane gas. Either natural gas or bio gas is used for methane gas.|
|Compared with conventional CNG trucks that only use compressed natural gas, the new truck boasts 30-40% higher energy efficiency and reduces fuel consumption by 25%. Biogas enables a new engine to cut emissions by up to 70 percent compared with a conventional diesel engine. Since the price of natural gas is lower than that of diesel fuel, the maintenance cost is also reduced. The truck can run only on diesel when the gas runs out.|
|First, Volvo will launch the model in European countries such as the Netherlands, the UK, and Sweden, where the gas infrastructure is prepared, planning to sell 100 in 2011. The company will start marketing it in six to eight countries in Europe within two years, targeting to sell 400 a year. It will gradually introduce the model in the markets outside Europe.|
|Volvo FE Hybrid||Production of the Volvo FE Hybrid began in June 2011. The model uses a parallel hybrid system that combines a diesel-powered engine and an electric motor. It is a heavy truck with GVW of up to 26 tons and is a delivery/garbage truck in urban areas. The truck runs only on a motor up to 20km/h and can reduce fuel consumption and CO2 emissions by 15-20% compared to a diesel-powered model. In the case of a garbage truck, a 30% reduction is possible when a compactor is also electrified. The company will produce 100 by 2013, planning to market the model in 13 countries and regions in Europe.|
|Renault Premium Distribution Hybrys Tech||The Renault Premium Distribution Hybrys Tech is launched in June 2011. It is Renault Trucks' first hybrid model. The model uses a parallel hybrid system that combines a diesel-powered engine and an electric motor. It is a truck with GVW of 19 tons and is designed for delivery in urban areas and surrounding areas. The model runs only on a motor up to 20km/h. It can reduce fuel consumption and CO2 emissions by up to 20% and also cut noise significantly.|
Source: Volvo Press Release (Mar. 29 and 31, 2011), Renault Trucks Press Release (Jun. 14, 2011), Nikkan Jidosha Newspaper (Apr. 7, 2011)
Volvo: wins a contract to supply 60 hybrid buses in Brazil
|In June 2011, Volvo Buses won a contract to supply 60 of Volvo 7700 Hybrid buses from Curitiba City in the south of Brazil. This is the first time Volvo has won a contract for hybrid buses in South America. With this contract, Volvo will begin production of hybrid buses at the Curitiba plant, planning to deliver it starting in 2012. The company expects to win contracts from other cities in South America.|
|Volvo 7700 Hybrid uses a parallel hybrid system that combines a diesel engine and an electric motor. This hybrid bus runs only on an electric motor up to 15-20km/h, thus eliminating emissions at bus stops and reducing noise. In the demonstration conducted in Curitiba City, the model is said to be able to reduce fuel consumption and emissions by up to 35%.|
Source: Volvo Press Release (Jun. 16, 2011) (Note) Volvo Buses sold several hundred buses from 2010 to June 2011. The company markets the product under Volvo brand in Europe, as Nova Bus in North America, and as Sunwin Bus in China.
UD Trucks: launches a fully-remodeled medium truck, Condor
|In July 2011, UD Trucks launched the Condor medium truck with payload of 4-6 ton-class, which it fully remodeled for the first time in 18 years. This model adopts a cab design that has a sense of unity with the Quon heavy truck series. The company independently developed and uses a midsize engine that Hino had so far supplied on an OEM basis. The engine adopts a newly developed common rail system that has enhanced a maximum fuel injection pressure to 2,000 bar in order to improve fuel efficiency. In addition, with urea SCR catalyst and PM reduction technology, the model meets Japan's 2010 emission regulations and achieves Japan's 2015 heavy vehicle fuel consumption standards.|
|UD Trucks plans to use the midsize engine that it developed in trucks of the Volvo Group as part of Volvo's global strategy including emerging countries. The scale of the midsize engine market is smaller than that of the large and compact engine markets. Yet, by using the network of the Group, the company expects to supply the engine not only for commercial vehicles and for construction equipment and marine vessels. Production of the new midsize engine at Volvo's production facility in India has already been decided.|
Source: UD Trucks Press Release (Jul. 11, 2011), Nikkei Sangyo Newspaper (Jul. 19, 2011)
Iveco: meets Euro VI emission standards that will come into effect in 2014 with urea SCR technology
In January 2011, the Fiat Group, which held Iveco under its umbrella, split its business into two. The passenger car division is made into Fiat SpA while the non-passenger car division including Iveco and an industrial machinery manufacturer is made into Fiat Industrial SpA.
In 2010, Iveco increased sales by 24.7% to 130,000. In the January-June period of 2011, its sales increased by 22.4% and operating profit jumped from 53 million Euros to 206 million Euros.
Concerning the 2011 earnings forecast, in July, Fiat Industrial, which holds Iveco under its umbrella, expected that all divisions will continue to be steady in the future, estimating revenues would be 24 billion Euros (21.3 billion Euros in 2010) and operating profit would be 1.5 billion Euros (1.092 billion Euros in 2010).
With the Euro VI emission standards that will come into force in 2014, Iveco does not use EGR and has developed an engine that meets Euro VI with urea SCR technology.
In the emerging markets, Iveco's joint venture with SAIC (Shanghai Automotive Industry Corporation) started exporting heavy trucks to Vietnam which it produces in China. In addition, Iveco announced a new model, the Vertis, a medium truck that has been lacking in the lineup in Brazil.
Iveco's sales volume by region
|France||Germany||UK||Italy||Spain||Others||Total of Western Europe||Eastern Europe||Total of Europe||Others||Grand total|
Source: Fiat Annual Report 2010 (Note) Sales of its affiliated companies in China are not included.
Iveco Group's business results
|(1 million Euro)|
|2006||2007||2008||2009||2010||Jan.-Jun. 2010||Jan.-Jun. 2011|
|Consolidated sales volume (vehicles)||181,500||211,700||192,100||103,900||129,600||61,237||74,960|
|Total sales volume of affiliated companies (vehicle)||25,200||83,300||81,200||95,300||129,100|
|Naveco's sales volume (vehicle)||20,000||59,300||58,900||75,700||98,600|
|SAIC Iveco Hongyan's sales volume (vehicle)||24,000||22,300||19,600||30,500|
|Sales volume of other affiliated companies (vehicle)||5,200||0||0||0||0|
|Total sales volume (vehicle)||206,700||295,000||273,300||199,200||258,700|
|R & D costs||174||207||246||169||214|
|Number of employees||24,533||26,461||27,108||24,917||25,583|
|Source:||Fiat Annual Report 2010, Quarterly Report Q2 2011, Fiat Press Release 2011.1.27, Fiat Industrial Press Release 2011.7.25|
|(Note) 1.||The affiliate Naveco (Nanjing Iveco) is the fifty-fifty venture company between Iveco and Nanjing Automotive Corporation (SAIC Group's wholly-owned subsidiary). In 2010, Naveco sold 32,081 light vehicles and 66,566 medium vehicles (these medium vehicles were produced by Yuejin Motor, which was merged in February 2007).|
|2.||The affiliate SAIC Iveco Hongyan is a heavy CV manufacturer established in 2007 by reorganizing Chongqing Hongyan Automotive under the umbrella of Chongqing Heavy Vehicle Group, in which Iveco (a 33.5% stake), SAIC Motor Corporation, and Chongqing Heavy Vehicle Group co-financed.|
|3.||The data of other affiliated companies include the data of Otoyol in Turkey until 2006. Otoyol discontinued the business in 2006.|
Iveco: develops an engine that meets Euro VI with urea SCR technology
|In May 2011, Iveco and FPT Industrial (Fiat Industrial's powertrain division) announced that, with urea SCR technology, they were ready to meet Euro VI emission standards that will come into effect in Europe in 2014. The company plans to use the urea SCR technology in new engines for heavy trucks and buses, the Cursor and the Tector. In order to minimize fuel consumption and price and maintenance costs of the system, EGR is not used.|
|Iveco has an intellectual property right of this "SCR Only" technology, which precisely and accurately controls the addition method of AdBlue (Aqueous Urea Solution), which reduces NOx in the aftertreatment of emissions and the heat characteristic during the treating process. As a result, the purification rate of NOx has improved to 95% or more and to almost 100% depending on the conditions (Iveco says that the purification rate of competitors is 80-85%).|
|Source: Fiat Industrial Press Release (May 20, 2011)|
|(Note) 1.||SCR stands for Selective Catalytic Reduction, and EGR means Exhaust Gas Recirculation. Scania and Daimler have already announced engines that meet Euro VI and that use EGR and SCR. Iveco is the first company that has developed an engine that meets Euro VI and that uses SCR only, without EGR.|
|2.||Euro VI new emission standards for medium/heavy commercial vehicles will come into effect on new models in 2013 and on the entire models in 2014. Euro VI is stricter regulations than Euro V and requires to halve PM (Particulate Matter) (0.01g/kWh) and to reduce NOx by 80% (0.4g/kWh).|
Iveco: exports a heavy truck that is produced by a joint venture in China with SAIC Motor Corporation to Vietnam
|In August 2010, SAIC Iveco Hongyan, which is jointly owned by Iveco (33.5%), SAIC Motor Corporation, etc., shipped the Genlyon heavy truck that is manufactured in China to Iveco's dealer in Vietnam for the first time. This is the first time SAIC Iveco Hongyan has exported the product overseas by using Iveco's global sales network, which is a move that is in line with Iveco's strategy.|
|The products exported to Vietnam are 20 various models of the Genlyon including a tractor, a dump truck, and a concrete mixer. Engines used in these models are also made in China by Saic Fiat Powertrain Hongyan, which is a joint venture between Iveco and companies including SAIC Motor Corporation.|
Source: Fiat Group Press Release (Aug. 30, 2010)
Iveco: launches Vertis, a new model in medium-sized segment, in Brazil
|In August 2010, Iveco announced the Vertis - a new model designed for South America in the medium-sized (9-13 ton) segment. This is a move to supplement Iveco's lineup in South America. With this move, Iveco supplies the product in the entire segment. The Vertis is developed based on the platform of a joint venture in China and comes with a low-fuel consumption/low-emission engine that is produced by Brazil-based Fiat Powertrain Technologies. The model meets Euro V emission standard. The local-content ratio of parts is 85%.|
Source: Fiat Industrial Press Release (Oct. 22, 2010)
MAN: markets trucks under a new brand with Sinotruk in China and starts production of trucks in Russia in 2012
MAN's commercial vehicles division consists of MAN Truck & Bus (the former MAN Nutzfahrzeuge) and MAN Latin America, which it acquired from VW in January 2009.
MAN Truck & Bus's sales increased by 29.7％ in 2010 due to the recovery of the market in Europe and by 60.1% in the January-June 2011. The company improved its operating profit to return to profitability in 2010, which further increased in the first half of 2011. MAN Latin America posted record sales in 2010 since the demand for commercial vehicles expanded due to the recovery of the economy in Brazil. Since the tax reduction for the purchase of trucks is extended in Brazil until the end of 2011, sales in the January-June period of 2011 grew by 18.5%.
MAN's commercial vehicle division consisting of the two companies forecasts that the 2011 revenues will increase by 15-20% and the operating profit ratio will surpass 7.5%.
In emerging markets, MAN will launch a new truck brand, SITRAK, jointly with China-based Sinotruk, starting to market heavy trucks in China in 2012. In addition, in Russia, the company will upgrade an existing plant in St. Petersburg in order to start production of trucks in 2012.
In May 2011, VW acquired a 55.9% of the voting right of MAN and is said to be considering the consolidation with Scania (VW already has a 71.8% of the voting right of Scania).
MAN's commercial vehicles division's business results
|(1 million Euro)|
|2006||2007||2008||2009||2010||Jan.-Jun. 2010||Jan.-Jun. 2011|
|Sales volume (vehicle)||87,160||100,609||103,705||82,609||126,279||57,474||75,676|
|MAN Truck & Bus MAN Latin America||87,160||100,609||103,705||46,767 35,842||60,649 65,630||24,486 32,988||39,203 36,473|
|MAN Truck & Bus MAN Latin America||8,685||10,410||10,610||6,395 1,412||7,446 3,140||3,288 1,532||4,262 1,816|
|from Germany from outside Germany||2,290 5,087||3,470 6,940||2,993 7,617||2,175 5,632||2,566 8,020||1,252 3,568||1,519 4,559|
|MAN Truck & Bus MAN Latin America||670||1,010||1,056||(91) 142||158 370||14 166||274 201|
|Operating profit ratio (%)||7.7||9.7||10.0||0.7||5.0||3.7||7.8|
|Number of Employees||36,052||36,591||36,010||32,292||32,196||33,020||36,691|
|Source: MAN SE Annual Report 2010, MAN SE Interim Financial Report H1 2011|
|(Note) 1.||The MAN Group has operated under the new division structure since the beginning of 2010. The Group consists of two divisions of Commercial Vehicles and Power Engineering. The Commercial Vehicles is comprised of MAN Truck & Bus (former MAN Nutzfahrzeuge, which was renamed in January 2011) and MAN Latin America (former Volkswagen Caminhoes e Onibus), of which results were consolidated from April 2009. The Power Engineering division consists of MAN Diesel & Turbo and Renk, a transmission supplier.|
|2.||MAN Truck & Bus produces trucks with GVW from 7.5 to 44 tons, special vehicles, long-distance/urban-area buses and platform for buses.|
|3.||MAN Latin America is the largest manufacturer in the 5-ton or larger truck market in South America. It produces trucks with GVW from 5 to 57 tons and platform for long-distance/urban-area buses.|
|4.||Net profit is MAN Truck & Bus's non-consolidated net profit until 2008. Starting in 2009, it is Earnings before tax of continuing operations of MAN's commercial vehicles division (Net profit of each division is not made public).|
MAN: starts marketing a heavy truck under a new SITRAK brand with Sinotruk in China in 2012
|In July 2009, MAN formed an alliance with Hong Kong-based Sinotruk. In April 2011, the companies announced their new joint truck brand, SITRAK (Chinese name: Shandeka). Production of the SITRAK T7H heavy truck, the first model, will begin at the plant in Jinan City, Shandong Province, China in December 2011. The model will be released in China in the first half of 2012. The company plans to start exports to other countries in Asia, Middle East, Africa, and CIS region in the second half of 2012. The 2018 sales target is 200,000 (including 160,000 in China).|
Source: MAN Press Release (Apr. 19, 2011) (Note) In July 2009, MAN acquired a 25% share of Sinotruk (Hong Kong), which is under the umbrella of a major truck manufacturer in China - CNHTC (China National Heavy Truck Group, Shandong Province) - for 560 million Euros and concluded a contract for a long-term strategic alliance. So far, through licensing, MAN's technology for TGA series trucks, engines, chassis, axles, etc. has been transferred to Sinotruk.
MAN: starts production of trucks in St. Petersburg, Russia in 2012
|In April 2011, MAN signed a memorandum of understanding with St. Petersburg City on the production of trucks in the city. MAN will invest 25 million Euros in the plant building which MAN acquired in the city to upgrade it, thus producing trucks for Russia and CIS countries. The company will manufacture one fourth of trucks to be marketed in Russia locally as early as in 2012. In the medium run, it will have production capacity of 6,000 a year. MAN has so far sold 45,000 trucks/buses in Russia.|
Source: MAN Press Release (Apr. 14, 2011)
MAN: invests 19 million Euros to upgrade a special plant for high-end buses under NEOPLAN brand
|MAN Truck & Bus will invest 19 million Euros during the three years to 2013 in expanding the Plauen plant in Germany and will introduce the latest equipment (announced in December 2010). The company plans to additionally construct an assembly plant designed ergonomically, a painting plant with less impact on the environment, and a customer center. It will produce a long-distance high-end bus under NEOPLAN brand at the upgraded plant.|
Source: MAN Press Release (Dec. 16, 2010)
MAN: VW acquires a 55.9% voting right of MAN and VW considers consolidation of MAN and Scania
|In May 2011, VW raised its stake in MAN from 29.9% to 30.5% on a basis of voting right. Following Garman law (when a company acquires more than 30% of the voting rights, it is required to purchase shares through a takeover bid), VW proposed a takeover bid to acquire a 55.9% share of the voting rights (announced in July 2011). With this move, MAN goes under the umbrella of VW.|
|VW is said to be considering the consolidation of Scania (VW has a 71.8% voting right) and MAN (which holds a 17.4% share of Scania), which are under its umbrella. VW estimates that as the two companies press ahead with cost reduction including joint purchasing of parts, a synergy effect of 200 million Euros a year will be generated. The two companies' combined share of the medium/heavy truck market in Europe will be 27% (the 2010 actual results), surpassing the top company, Daimler's 24%.|
Source: MAN Press Release (Jul. 28, 2011), Scania Press Release (Nov. 15, 2010), Nikkei Sangyo Newspaper (May 16, 2011)
Scania: develops an engine that meets Euro VI new emission standards by utilizing EGR and SCR technology
In 2010, Scania increased sales by 46.7% from 2009 to 64,000. Sales doubled in Central and South America and Asia while those in Europe, its major market, recovered only slowly. In 2010, sales outside Europe accounted for more than 50% for the first time. The company posted record operating profit due to increased sales and improved capacity utilization ratio.
In the January-June 2011, sales grew by 42.3%. Revenues increased by 17.7%, but the exchange rate fluctuations negatively affected revenues by 7%. In 2011, the market continues to be on a recovery trend, but the influence of exchange rate fluctuations is expected to be larger.
Scania has developed an engine that meets Euro VI emission standards that will come into effect in 2014 by combining various technologies that the company has developed so far in-house including EGR and SCR.
In order to prepare for the increase in demand in the future, Scania will begin construction in the second half of 2011 in order to boost production capacity of its truck plant in Sweden from 100,000 to 200,000 a year.
Scania's sales volume of heavy duty trucks and buses by region
|2006||2007||2008||2009||2010||Jan.-Jun. 2010||Jan.-Jun. 2011|
|Europe (former segmentation)||Western Europe||36,678||37,396||36,253||18,520|
|Central and Eastern Europe||9,258||15,249||12,992||3,472|
|Europe (new segmentation)||Europe||20,778||25,075||11,009||17,301|
Source: Scania Annual Report 2010, Interim Report Q2 2011 (Note) In 2010, Scania changed segmentation of regions in Europe (in 2009, the former and the new segmentation are shown). Until 2009, Russia and CIS countries are included in "Central/Eastern Europe." In 2010, "Europe" consists of 32 countries in Europe and "Eurasia" consists of Russia and CIS countries. "Other" mainly includes Africa and Oceania.
Scania's business results
|(1 million SEK)|
|2006||2007||2008||2009||2010||Jan.-Jun. 2010||Jan.-Jun. 2011|
|R & D costs||2,842||3,214||3,955||3,234||3,688||1,691||2,205|
|Number of employees||32,820||35,096||34,777||32,330||35,514||33,459||36,941|
Source: Scania Annual Report 2010, Interim Report Q2 2011 (Note) Scania is a manufacturer of heavy trucks of GVW 16 tons or greater, mostly customer-tailored commercial vehicles and motorcoaches, and also engines for industrial machinery/marine vessels. Its sales take place mostly in Europe, but it does not have sales in North America.
Scania: announces an engine that meets Euro VI
|In April 2011, Scania announced an engine that meets Euro VI emission standards that will come into effect in 2014. The company invested 10 billion SEK and spent five years developing the engine, which integrates the entire new technology that the company has so far developed in-house. The technologies employed include EGR, SCR, particle filter, variable nozzle turbo, and common-rail high-pressure fuel injection.|
|The 13L, 440/480hp engine that Scania announced meets Euro VI while its fuel economy, operability, and response are the same level as those of Scania's engines that meet Euro V. The new engine can be used in Scania's G- and R-series trucks. It is assumed mainly to be used in long-distance transportation trucks, but can also be used in trucks of all purposes.|
Source: Scania Press Release (Mar. 31 and Apr. 1, 2011)
Scania: expands plant in Sweden to boost production capacity from 100,000 to 120,000 a year
|In the second half of 2011, Scania will begin the construction in order to boost production capacity from the current 100,000 to 120,000 a year. The company will invest 1.5 billion SEK mainly in the expansion of its existing plant in Sweden during the next two to three years. Facilities to be invested in are production facilities for cabins, engines, transmissions, axles, etc. Scania targets to secure production capacity for 150,000 a year in the long run.|
Source: Scania Interim Report Q2 2011
Scania: expands production capacity of buses at its plant in Poland
|Scania upgraded its Slupsk plant in Poland to resume production in September 2010. The modern and highly efficient new plant manufactures bodies of public bus - Scania OmniCity and OmniLink - and chassis of the OmniCity. The company has supplied buses that it produced to North Europe, Poland, the UK, France, and Italy, but will expand sales to other European countries including Germany in the future. It will also supply chassis to automotive body manufacturers in Europe, Africa, and Asia.|
Source: Scania Press Release (Sep. 14, 2010)
Scania: dissolves its alliance with Hino
|In June 2011, Scania established a sales/service company in Japan. With this move, the company dissolves its business alliance with Hino. The companies had been mutually utilizing sales networks and exchanging technologies since 2002 and had achieved some results, but Hino's sales of large tractors supplied by Scania ended. In the future, Hino's medium trucks will be marketed through Scania's sales network in Korea and after-sales service in Japan will be continued .Scania considers promoting sales of heavy vehicles by its directly-managed dealers.|
Source: Scania Press Release (Jun. 24, 2011) and Nikkan Kogyo Newspaper (Jul. 25, 2011)
(Reference) Global production of heavy trucks and buses (OICA statistics)
|Source: OICA (International Organization of Motor Vehicle Manufacturers)|
|(Note) 1.||The data included for each country in the chart are 5 to 6-ton or greater trucks except Japan. In each country's data, there are some overlapping data with other countries. The regional total shows the figures after these overlapping are removed.|
|2.||As for Japan, the production of the 3-ton GVW or greater trucks is included in the OICA statistics. The produced trucks over 6-ton GVW (according to the JAMA data) are shown in blue.|
|3.||The figures in blue for the Asia-Pacific and Global totals are the totals when the Japanese truck production is considered as over 6-ton GVW trucks.|
|4.||The production volume of Korea is in accordance with KAMA's OICA exchange files.|
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