Category: Componenta


Efter en tid där åkeriernas investeringar i nya fordon i stort sett varit obefintliga finns det en grogrund till optimism från åkeriernas sida vad gäller nyinvesteringar.

Orsaken är att åkerierna sedan sensommaren och den tidiga hösten har märkt av ett ökat tryck av förfrågningar och transporter.

Det visar en rundringning till ett antal svenska åkerier som Nyhetsbyrån Direkt gjort.

Ett åkeri där tecknen är tydliga på att läget ljusnat betydligt den senaste tiden, inte minst under den senaste månaden, är Ahréns Åkeri i Södertälje.

“Nu ser vi tecken på att det börjar rulla igen. I den senare delen av sommaren nådde vi nog botten och sen har det under september börjat röra på sig. Tittar man på förfrågningar och transporter så är det en klar förbättring jämfört med de tidigare månaderna”, säger Rolf Backman, vd vid Ahréns Åkeri och fortsätter:

“Alla indikationer som vi ser just nu pekar i en och samma riktning, det visar sig framför allt i att vi får fler förfrågningar. Många av mina kollegor runt om i landet har samma bild av nuläget, det blir allt mer att göra.”

Men det bättre läget på transportmarknaden innebär inte med automatik att åkeriernas investeringsplaner dammas av och implementeras fullt ut. Ska man döma av den bild som de åkerier som Nyhetsbyrån Direkt talat med så kommer det att dröja innan man når normala investeringsnivåer igen.

“Under 2010 kommer vi att återgå till vår långsiktiga investeringsplan. Även om det inte är fråga om samma antal beställningar som vi brukar lägga in ett normalt år, så kommer vi säkerligen att lägga in beställningar under 2010. Vi har redan börjat ta in offerter”, säger Rolf Backman.

Även om den övergripande bilden bland åkerierna är att nyinvesteringarna i fordonsparken kommer att skjuta fart från nästa år, finns det försiktighet i antagandena framåt.

Nils Hanssons Åkeri, som omsätter cirka 500 miljoner kronor årligen och som har 156 fordon i drift i utlandstrafik och i Sverige, är ett av de åkerier som har en mer försiktig syn på nyinvesteringar.

“Ser vi en uppgång i ekonomin så måste vi eventuellt börja investera i fordon igen. Om det inte förändras till ljusare tider nästa år så får vi ta oss en funderare om vi inte ska vi få över ännu mer volymer till tåg och kanske ställa av bilar helt enkelt”, säger Magnus Tornerhjelm, vd på Nils Hanssons Åkeri.

I stort sett samtliga åkerier som Nyhetsbyrån Direkt talat med bekräftar den bild som både Scania och Volvo vittnat om under en tid, att beställningarna av nya fordon ligger på mycket låga nivåer.

“På grund av lågkonjunkturen har vi dragit i handbromsen, vi har inte investerat i nya bilar under året och vi skjuter investeringar på framtiden tills det ser litet ljusare ut. Det här är inget som vi är ensamma om, de allra flesta aktörer har dragit ned investeringarna”, säger Magnus Tornerhjelm.

Bilden bekräftas av Rolf Backman vid Ahréns Åkeri.
“Den långsiktiga investeringsplan som ligger för oss har ju fått stryka på foten i år. Konjunkturnedgången har för oss inneburit ett tapp i omsättningen i storleksordningen 20 procent från november förra året, och det klart att det satt stopp för nyinvesteringar”, säger Rolf Backman.

Men bilden är inte alldeles entydig, en del åkerier, särskilt mindre, har fortsatt med sina investeringar i nya fordon och inte justerat för det bistra ekonomiska läget.

“Vi har inte gjort några förändringar alls med anledning av lågkonjunkturen, vi följer en långsiktig plan för fordonsflottan. Vi byter två bilar per år och det ligger en plan för två nya bilar nästa år”, säger en fordonschef vid ett mindre åkeri.

“Vi har i dag en del äldre fordon som måste bytas ut relativt snart, en del av dessa är uppe över 100.000 mil. Om vi inte vill gå ned i kapacitet, så måste dessa bytas ut inom en relativt snar framtid”, säger Magnus Tornerhjelm.

En konsekvens av att åkerierna under det senaste året nästan helt slutat investera i nya fordon är att serviceintervallen för åkerierna har ökat, vanligen en lönsam affär för lastbilstillverkarna.

“I normalfallet nyttjar vi fordonen fem år eller 100.000 mil, men nu ser det inte riktigt så ut, de rullar längre än så. När fordonen nyttjas längre ökar ju servicebehoven”, säger en fordonschef vid ett medelstort åkeri.

Att nuvarande fordon hos åkerierna rullat längre än vanligt gör också att behoven av nya fordon är större än i ett normalläge.


di.se – Ökad optimism hos åkerier.

Man SE CEO Hakan Samuelsson told the Financial Times the truck industry needs to “wait for real signs of improvement” and pre-crisis levels of demand for trucks won’t return before 2010. “We are seeing a levelling out at a low level and its difficult to see that it will get much worse in Europe, but real signs of recovery are still to come. Europe is down maybe half or more than half [but] Brazil and China are much more positive,” Samuelsson told the paper.

To recover to pre-crisis levels of demand “we probably have to wait until 2010,” he said. To get to volumes seen in 2007 “will take a year or two more than that, and you can, of course, also question will we reach it,” he added.

Dampening expectations of a recovery to peak levels last seen in 2007, he said: “We should maybe also not be too disappointed if the next peak is maybe a bit lower.”

* Hires 800 more staff for Brazil trucks/bus business
* To keep open U.S. plant slated to close next year
* Shares rise 0.1 percent in line with auto sector
(Adds comment from source on Fiat’s Iveco)

FRANKFURT/HAMBURG, Sept 30 (Reuters) – Daimler <DAIGn.DE> will hire 800 more staff for its Brazilian commercial vehicles business and keep open a U.S. truck plant as the two key markets show signs of reviving, the world’s biggest truckmaker said. The moves offer a glimmer of hope for commercial vehicle manufacturers slammed by the global economic crisis and could signal a broader uptick because truck sales often act as a leading indicator of economic health. But industry officials have warned against expecting any quick rebound for truckmakers until the global economy accelerates and boosts demand for goods transport.

“The hiring of new staff makes clear that we trust the Brazilian economy will see a slight upturn after the global economic crisis,” Mercedes-Benz do Brasil President Gero Herrmann said in a statement released in Germany. Daimler will also put 350 staff with term contracts and 160 apprentices onto unlimited contracts in Brazil given improved market conditions since mid-2009, especially in the agricultural, construction and mining sectors, it said. More than 12,600 people work at the Sao Bernardo do Campo plant there, Daimler’s biggest heavy truck plant outside Germany. Daimler also reversed a decision to close a U.S. truck plant next year thanks to prospects for a large U.S. military order and an uptick in demand for heavy trucks, it said.

Daimler had announced last October plans to close its Oregon plant in June 2010 as part of an overhaul of its North American operations to address a deep market slump. “The U.S. market for heavy trucks is showing a slight recovery month by month,” a Daimler spokesman said, citing in particular the end to the U.S. housing slump that was boosting demand from the construction sector. Talks with labour about the 650 staff in Oregon were under way. He gave no details about the size of the military contract.

GLOOM, NOT BOOM

Daimler’s upbeat view comes in strong contrast to the gloom truckmakers have spread for two years.
“The drop in economic activity and transport has pushed truck production down to half of pre-crisis levels and there are no real signs of recovery in sight,” the ACEA association of European vehicle manufacturers said last week. The heavy truck market in Europe fell nearly 48 percent in the first eight months of the year.
The order intake for heavy trucks in Europe stalled at around 25,000 units in the first half of 2009, down 85 percent from the same period of 2008, forcing manufacturers to lay off temporary staff, reduce working hours and cut shifts. Europe’s commercial vehicle industry employs about 1.5 million people directly and indirectly, according to ACEA.  Michel Rollier, chief executive of French tyremaker Michelin <MICP.PA>, said at this month’s Frankfurt Motor Show that the truck market was still struggling and “we’re not seeing much recovery”. [ID:nL0511183] Rival truckmakers pointed out that the Brazilian market is not the best litmus test for the rest of the world.

“South America hasn’t been hit as severely by the financial crisis. As for Brazil, the situation is somewhat better (than elsewhere) — demand is fairly good there because of tax incentives which make trucks 5 percent cheaper,” said Marten Wikforss, a spokesman for world number two Volvo.  Brazil’s banking system is also functioning well, which means credit is available for buying vehicles. Volvo truck deliveries in South America fell 35 percent year on year in August, while group deliveries shrank 52 percent.  Scania <SCVb.ST> <VOWG.DE> spokesman Hans-Ake Danielsson agreed that demand in Brazil was “comparatively good”. “We haven’t lost nearly as much there as we have lost in Europe,” he said, but added it would not need more staff to meet demand. Scania has a market share of 23-25 percent in Brazil.   Daimler said it had around a third of the heavy truck market and half the bus market in Brazil in August.

“For industrial vehicles, all of Latin America and in particular Brazil are in a phase of expansion,” said a source at Fiat SpA’s <FIA.MI> truck unit Iveco.   Iveco is increasing production capacity and last September inaugurated a new production line at Sete Lagoas, tripling the capacity to 20,000 lorry units a year for an investment of 80 million real, the source said.

Volkswagen <VOWG.DE> expects demand for commercial vehicles to gradually improve from the second half of this year until the end of 2010, the commercial vehicle division’s head told Reuters.  “There is a moderate upward movement, but at a low level. I expect that there will be no substantial change next year either,” Stephan Schaller said in the interview published on Wednesday.

The company plans to crank production at its Hanover plant back up to a normal level next month, having cut back output by about a quarter earlier this year to offset slumping demand.

Schaller also said that plans for cooperation with Scania <SCVb.ST> and MAN SE <MANG.DE> were intended to progress slowly, meaning no quick updates could be expected on the matter.

* Q2 loss 1 ct/share ex-items; Wall St view EPS 4 cts
* Sales down 55 percent at $1.85 billion
* Says challenging market conditions continuing
* Shares fall as much as 12 percent

CHICAGO, July 28 (Reuters) – Paccar Inc <PCAR.O> said on Tuesday that quarterly earnings plunged more than 90 percent as a weak freight market walloped demand for its trucks and forced it to idle some plants.
The company warned that challenging market conditions were continuing, especially in Europe, where it lowered its forecast for 2009 industrywide truck demand and provided an initial glimpse at 2010 that shows sales plunging to levels last seen in 1992.The news sent its shares down as much as 12 percent.

JPMorgan analyst Ann Duignan called the truck market outlook “sobering.” Paccar, which makes vehicles under the Peterbilt, Kenworth and DAF brands, reported second-quarter profit of $26.5 million, or 7 cents a share, down from $313.5 million, or 86 cents a share, a year earlier.

Excluding a one-time gain, Paccar reported an operating loss of 1 cent a share. Analysts on average had expected the Bellevue, Washington-based company to report operating earnings of 4 cents per share, according to Reuters Estimates. Sales fell 55 percent to $1.85 billion.

Paccar forecast industrywide retail sales of the biggest on-highway trucks in the U.S. and Canada at 100,000 to 110,000 vehicles in 2009, “reflecting continued economic weakness, specifically in lower housing starts and auto production.”

NO ‘PREBUY’

Truckmakers had hoped 2009 would be a good one for demand, thanks to tough U.S. clean air rules that take effect in 2010. The regulations, which require more efficient — and more expensive engines — were expected to prompt fleet owners to stock up on cheaper trucks now. But the recession and credit crunch have effectively killed those hopes. During a conference call to discuss Paccar’s earnings, Mark Pigott, the company’s chief executive, said: “It’s going to be challenging certainly through the end of this year.”

Looking forward to next year, Paccar predicted sales in the United States and Canada would improve slightly and be in the range of 110,000 to 140,000 vehicles.

Industry retail sales in the region peaked at 322,500 units in 2006, ahead of clean-air rules that took effect in 2007 and triggered the sort of “prebuy” truckmakers were counting on this year.

The company cut its estimate for industrywide heavy truck sales in Europe to between 170,000 and 180,000 vehicles, down from its April forecast of 180,000 to 220,000. And next year, it said they could fall again, to as low as 150,000 units. Pigott said Paccar remains committed to pricing discipline.

But he acknowledged that industrywide prices had fallen over the past two years and that the $8,000 to $10,000 premium most analysts expect will be added to truck prices as a result of the new 2010 regulations would come on top of this year’s lower price levels, not the higher ones that prevailed earlier this decade.

Paccar shares were down $3.72 or 10.5 percent at $31.57 in early afternoon trading after falling as low as $30.97.

European carmakers’ comments on outlook will be closely scrutinised when they report half-year results in the coming days, as investors attempt to look beyond the effects of scrapping schemes for signs of a real recovery. Carmakers may be able to send out a fairly upbeat message on cash, Oddo Securities analysts said in a research note.

Manufacturers, who were caught out at the end of last year and forced to slam the brakes on production, have been closely monitoring their unsold vehicle stocks. But profitability, cash and debt will play second fiddle to comments from executives on their expectations for demand and production for the rest of 2009 and next year.

Investors will be looking for signs that Renault <RENA.PA> and Nissan <7201.T> Chief Executive Carlos Ghosn was being overly pessimistic when he said earlier this month that 2010 would be as difficult as 2009 for the industry, which has been rocked by an unprecedented sales slump. [ID:nLA372224]

“Good numbers will be treated with a degree of scepticism if there isn’t an associated optimistic outlook. And the outlook needs to be optimistic not based on costs but rather on revenues,” Nomura International industry specialist Michael Tyndall said. Tyndall noted that while Italian carmaker Fiat <FIA.MI> — which reported first half results last week — beat forecasts, its shares fell.

“The market is not interested in things that it doesn’t perceive as sustainable. The market thought (about Fiat) ‘good numbers, but we’re not so sure about the rest of the year or next year’. I think the market is looking for sustainability,” Tyndall said.

SCRAPPING BOOST

Half-year results for makers of small cars will reflect the success of scrapping incentive schemes in major European markets, designed to encourage drivers to trade in old cars for new. Premium carmakers’ results — BMW is due to report its first half results on August 4 — will show a clearer picture of real demand.

Carmakers like Renault, PSA Peugeot Citroen and Volkswagen, which are celebrating a sales boost from scrapping schemes, may have to face up to a negative consequence on their profitability, Oddo Securities analysts said in a research note.

“The various government incentive schemes have boosted sales of small cars. This has resulted in a sharp deterioration in groups’ product mix, thus significantly squeezing their profitability.”
Germany’s Daimler <DAIGn.DE> — which includes the premium Mercedes brand, as well as the compact Smart — reports results on Wednesday. Analysts will scrutinise the group’s truck activity closely, after significant losses at Swedish competitors Scania <SCVb.ST> and Volvo <VOLVb.ST> last week. [ID:nLN274307]

Oddo analysts said they expected a positive operating profit for the Mercedes part of the business in the second half, after a gradual recovery beginning in the second quarter.
The analysts had a more pessimistic outlook for Daimler’s truck business, where the fall in volumes accelerated in the second quarter.

When French carmaker PSA Peugeot Citroen <PEUP.PA> reports its results, also on Wednesday, attention will focus on strategy as new CEO Philippe Varin presents his plans. “The CEO’s strategic plan will take priority over the H1 numbers,” said Exane BNP Paribas analysts in a note. “Despite a significant improvement seen in Q2, thanks to the positive effect of the French and German scrappage measures, PSA is likely to report big losses in H1.”

Societe Generale analysts said they expected a group operating loss of 730 million euros at Peugeot Citroen, while Exane BNP Paribas estimated the loss at 760 million. Both warned that Varin could attempt some “kitchen-sinking” — booking significant charges in the first half to allow for a fresh start.

“However, his room for manoeuvre is not total as he must preserve cash and the equity,” Exane BNP Paribas analysts said. Fellow French manufacturer Renault and Germany’s Volkswagen <VOWG.DE> — both of which have benefited from scrapping schemes in their home markets — are set to report results on Thursday. [ID:nLO202303]

Oddo analysts said they expected Renault to post an operating loss of about 670 million euros, with further significant losses from Nissan and Volvo contributions. But cash generation may be cause for optimism.

“We’re expecting about a billion inflow — if you consider that they (Renault) were among the first to cut production and produced practically no cars in Q4,” said Nomura’s Tyndall. “Working capital is likely to be behind that improvement in free cash flow. The big question mark is as to whether or not that’s sustainable. I think we would argue that it’s not.” The group said it had achieved “significant” positive free cash flow when it reported first half unit sales earlier this month.

New heavy truck registrations halved in May -49.6% compared to the same month last year, with total registrations stalling at 13,342 units. In Western Europe, the downturn ranged from 38.8% in France to 39.9% in Germany, 51.7% in the UK, 55% in Italy and 79.5% in Spain. In the new EU Member States, results dropped even more sharply, by 64.5% in the Czech Republic, 66.2% in Poland and 79.6% in Romania. Five months into the year, the trend was similar, with markets decreasing by 32.2% in Germany, 33.5% in France, 44.1% in Italy, 47.5% in the UK and 77.1% in Spain. In the new EU Member States, new registrations were down 57.7% in the Czech Republic, 66.5% in Romania and 68.5% in Poland, resulting in an overall decline of 44.6%.

via ACEA – European Automobile Manufacturers’ Association.

New heavy truck registrations in April amounted to 15,117 units, or 47.0% less than in the same month a year ago. Except for the Dutch and Swiss markets, which expanded by 33.0% and 22.1% respectively, all others contracted: the German by 32.8%, the French by 41.4%, the British by 46.4%, the Italian by 49.8% and the Spanish by 79.3%. In the new EU Member States, Polish new registrations dropped by 68.0%. Cumulative results from January to April show a 42.8% slump. Switzerland was the only market performing better than in the same period last year. The Netherlands (-24.7%), Germany (-30.2%), France (-32.5%), Italy (-41.1%), the UK (-43.2%) and Spain (-76.5%) all fell sharply. In the new EU Member States, the largest markets also plummeted, Poland by 69.0% and the Czech Republic by 55.9%.

via ACEA – European Automobile Manufacturers’ Association.

Scania has agreed with the unions concerned on a four-day week for all employees in its Swedish operations starting in June.

“I welcome the decision of our employees to help out the company in these difficult times. Their willingness to make personal sacrifices shows great support for the company’s strategy to deal with the very sharp decline in market demand without further employee cutbacks. Scania will stand well equipped when the market rebounds,” says Leif Östling, President and CEO of the company.

The four-day week will be introduced in June and cover employees and managers at production, research and development units as well as administration and corporate staff units at Scania’s operations in Sweden – some 6,000 white collar employees and 6,000 workshop employees in all.

The agreement will apply for six months, with a break for holidays. Scania undertakes not to issue any lay-off notice during the period of the agreement.

The four-day week is a key element of Scania’s strategy to preserve the collective competency of the company despite a very sharp decline in market demand.

Scania has already introduced various forms of working hour reductions for more than 2,000 employees in the Netherlands, France, Germany and elsewhere.

For further information, please contact Erik Ljungberg, Senior Vice President, Corporate Relations, tel. +46 8 553 835 57.

via Scania introducing four-day week for 12,000 employees in Sweden.

STOCKHOLM (Dow Jones)–Scania AB (SCV-A.SK) expects to save about 300 million Swedish kronor ($38.4 million) by reducing the work week to four days for its Swedish employees, a spokesman for the truckmaker said Friday.

Scania had salary-related expenses in Sweden of about SEK7.5 billion in 2008 and expects close to 10% in salary savings by cutting the work week, Hans-Ake Danielsson said.

Scania announced Friday it has agreed with unions about the shorter work week for the company’s 12,000 employees in Sweden. The agreement takes effect in June and will last for six months.

Scania has agreed not to issue any layoff notices to the affected workers during this period.

Danielsson said Scania, which has experienced a sharp drop in demand for its heavy trucks and buses since last autumn, is “not seeing any signs of a turnaround. I think you can say that without exaggerating.”

Scania, based in Sodertalje south of Stockholm, last month reported a 93% plunge in first-quarter net profit to SEK179 million.

Scania Chief Executive Leif Ostling said in a statement the labor savings will help the company “deal with the very sharp decline in market demand without further employee cutbacks.”

“Scania will stand well equipped when the market rebounds,” Ostling added.

In contrast, Scania’s Swedish peer AB Volvo (VOLV-B.SK) has given notice to more than 20,000 employees, temporary workers and consultants around the world, including many in Sweden, since the global financial crisis erupted last autumn.

via Article – WSJ.com.