News From World Markets
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ANEW company. Hoesch Argentina S.A. Commercial y Industrial, has been formed in the Argentine for the production of vehicle springs and other accessories. Manufacture of leaf springs is already under way during the construction of a plant with a total monthly capacity of 1,000 tons of products. The company is a subsidiary of the German ferrous metals products concern Hoesch AG.
SHOULD 'targets have been reached, a total of 15,800 goods vehicles will have been produced last year in Czechoslovakia, compared with 15,000 units the previous year and 14,000 units in 1958. Latest figures for Czech bus production show an output of 1,500 units over 1959.
THE german vehicle producing Borgward. Group,made up of the
three manufacturing co mpani es Carl F. W. Borgwarcl G.m.b.H., Goliath Wert G.m.b.H. andLloyd Motoren Werke G.m.b.H., last year produced a total of 101,949 vehicles, including goods vehieles, compared with a 1959 figure of 104,410 units. Some 36.7 per cent. of the £644,300,000 turnover came from exports.
• 1DOLAND • plans to produce 20,500 I goods Vehicles during the current • year, it iS Stated from Warsaw.
PLANNED for export in large quantities to the Soviet Union, a new goods vehicle, Tatra 138, has been introduced to the production programme of the State-owned Tatra works, of Koprivnice, Czechoslovakia. The vehicle. an improved form of the existing Tatra
111 and.with a lower unladen weight, will by 1965 have become the main unit to he produced by the Tatra plant. With an air-cooled diesel engine, the new model has a payload of 12 metric tons and a cruising speed of 47 m.p.h.
THE Norwegian Government estimates that over 3,000 goods vehicles, 600 special-purpose vehicles and 400 buses will be imported by Norway in the current year.
PRODUCTION of commercial vehicles in America totalled 920,229 units during 1960, compared with 817,438 in 1959—an increase of 13 per cent.
Most of the inerease was due to larger General Motors' outputs; Chevrolet production being 394,044 vehicles—almost 70,000 more than in the previous year. Total G.M.C. .output reached 498,371 units, against 403,631 vehicles produced during 1959.
Ford production rose by only 7,891 compared with the previous year, reaching 339,239 units, while Chrysler Corporation produced 70,305 commercial vehicles-1,375 fewer than during 1959.
THE Common Market Commission has I asked the Italian Government to stale how they regard their import discriminations against foreign-made road motor vehicles as fulfilling the terms of the Common Market Treaty.
It is believed "that the Italian authorities Will fail to prove to the Commission that the present heavy tax on the sale of foreign vehicles is in -harmony with the six-country agreement, and it is likely that he Italian Government will alter its present regulations before having to do so by request from the Commission.