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1961 Maserati 3500GT
 

Rare Maserati heads class of ‘61

2/7/2012 9:25 AM EST  -   Silverstone Auctions
A Maserati 3500GT, believed to be the only race trim model of its type in the UK, is one of three models from 1961 leading the motorsport charge at the forthcoming Race Retro Sale.

Estimated at between £37,500 and £45,000, this model was rebuilt for racing in 1983 where it campaigned with FIA papers before being imported to the UK. It has current FIA papers for Period E 1947 – 1961 Class GTS7.

Nick Whale, managing...
Scania trucks
 

Leading UK companies repeat order for 1,000 Scania trucks

2/7/2012 7:00 AM EST  -   Scania
Eddie Stobart and A. W. Jenkinson Forest Products have once again signed a joint-procurement agreement with Scania in the UK for the supply of 1,000 trucks.  As such, the deal mirrors the order placed by the two operators in 2010, which at the time represented Scania's largest ever supply agreement in the UK.
Scheduled for delivery between March 2012 and December 2013, approximately 300 units will enter service...

25 hybrid buses for Göteborg

2/6/2012 7:00 AM EST  -   Volvo
Volvo has now sold a total of 100 buses powered by hybrid technology in the Nordic countries. The latest order to be received by Volvo Buses is for 25 hybrid buses for Göteborgs Spårvägar (Gothenburg Tramways), which operates public transport services on behalf of Västtrafik.
Delivering up to 37 percent lower fuel consumption and with a much lower environmental impact than conventional diesels, Volvo hybrid...

Volvo Group sign MoU with Patria

2/6/2012 4:00 AM EST  -   Volvo
Volvo Group and Finnish defense group Patria have signed a Memorandum of understanding regarding cooperation to offer the Swedish Defense Materiel Administration (FMV) life-cycle support services for maintenance and logistics.
Both the Volvo Group and Patria are already suppliers to the Swedish Armed Forces. Within the framework of the Memorandum of understanding the Volvo Group and Patria plan to establish a...
1958 Tojeiro Jaguar
 

1958 Tojeiro Jaguar is the cat’s whiskers

2/3/2012 4:20 AM EST  -   Silverstone Auctions
A simply stunning 1958 Tojeiro Jaguar, widely regarded as the best one ever built, is set to show its ‘claws’ at the Race Retro Sale hosted by Silverstone Auctions.

It’s also the first time in many years that this particular model, constructed by the highly regarded engineering legend John Tojeiro, has been available to buy at open market, possibly making it a once-in-a-lifetime opportunity to own one of the...

Volvo Group – Report on the fourth quarter and full-year 2011

2/3/2012 1:30 AM EST  -   Volvo
The Volvo Group’s strong trend continued during the fourth quarter of 2011. Sales rose in all regions, profitability improved and cash flow was strong.
 

· In the fourth quarter net sales increased by 18% to SEK 86.5 billion (73.4). Adjusted for currency movements and acquired and divested units, sales increased by 20%. For the full year net sales increased by 17% to SEK 310.4 billion (264.7).
 

· The fourth...

Financial Report October - December 2011

2/1/2012 6:19 AM EST  -   Autoliv
Sales:                          $2,045 million
Operating margin:      11.0%
Operating cash flow:  $293 million
EPS:                            $1.70

(Stockholm, Feb. 1, 2012) – – – For the three-month period ended December 31, 2011, Autoliv, Inc. (NYSE: ALV and SSE: ALIV) – the worldwide leader in automotive safety systems – met its guidance and reported the eighth consecutive quarter with double digit operating...

Scania Year-end Report, January – December 2011

2/1/2012 3:30 AM EST  -   Scania
Scania’s earnings for the full year amounted to SEK 12,398 m. Higher vehicle and service volume was offset by a significantly stronger Swedish krona, a higher cost level and a changed market mix.

Summary of the full year 2011

· Operating income fell to SEK 12,398 m. (12,746), and earnings per share rose to SEK 11.78 (11.38)
· Net sales increased by 12 percent to SEK 87,686 m. (78,168)
· The Board of Directors...

Volvo IT sends Chinese talent to an IT mission at the Volvo Ocean Race stop in C...

2/1/2012 12:00 AM EST  -   Volvo
Volvo IT is expanding in China and a national competition among IT students helped attract top-talent university students. Three of them will now join the mission as Volvo IT crew members at the next Volvo Ocean race stop in Sanya, China. They will soon show if they have what it takes to work with IT at the extreme.
As the official IT supplier to the Volvo Ocean Race, Volvo IT is on a mission to deliver a...

Scania invests in India

1/31/2012 1:30 AM EST  -   Scania
Scania is planning to invest about SEK 200 million in an industrial facility in Bangalore during the coming year. The Scania Regional Product Centre, India will also be the centre of the company’s commercial operations in the country. Scania’s ambition is to sell about 2,000 trucks, 1,000 buses and 1,500 engines per year in the Indian market within the next five years.