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  #1  
Old 13th December 2008, 20:30
Western SMT Western SMT is offline  
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Daimler - Kamaz

European truck makers have been pushing into Russia in recent years, when a boom in construction created a market with bumper sales.
Daimler is the world's largest truckmaker and they are considering a 10% ($250 million) stake in Kamaz, Russia's largest truckmaker.

Last edited by Western SMT; 15th December 2008 at 10:31. Reason: Spelling
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  #2  
Old 14th December 2008, 02:45
G-CPTN G-CPTN is offline  
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What with?
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  #3  
Old 14th December 2008, 15:20
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dmackay dmackay is offline  
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We had a couple of Belaz dump trucks working in a quarry up here about 25-30yrs ago
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Old 15th December 2008, 10:35
Western SMT Western SMT is offline  
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Originally Posted by G-CPTN View Post
What with?
Please explain
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Old 15th December 2008, 12:18
G-CPTN G-CPTN is offline  
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My point is that all vehicle manufacturers (including Daimler) are suffering from reduced turnover, so finding funds for investment in yet further vehicle manufacturing facilities (especially considering that KAMAZ are also facing a 20% downturn) makes the deal questionable. Whilst the logic of association between the two was (is?) sound, finding the 'spare' cash to pay KAMAZ will (IMO) be well nigh impossible.
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Old 15th December 2008, 12:38
Western SMT Western SMT is offline  
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What I didn't say was Daimler had planned buying a 42% stake in Kamaz and became wary of spending too much cash because of the severe downturn in the industry thus reducing it to 10%. Daimler is one of the few makers that still has plenty of cash.
The Russian market is poised to become one of the world's largest for trucks and Kamaz has a 30% market share with revenues of $3.8 billion.
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Old 15th December 2008, 17:14
G-CPTN G-CPTN is offline  
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German manufacturer Daimler inked a deal Friday to purchase 10 percent of Russian truck maker KamAZ at a price 3.5 times the stake's current market value.
The deal calls for $250 million to be paid immediately, and another $50 million to be paid in 2012 if the business develops favorably, Troika Dialog CEO Ruben Vardanyan said Friday, after the deal was signed by Daimler, Troika Dialog, KamAZ, and state corporation Russian Technologies.
http://www.moscowtimes.ru/article/600/42/373127.htm
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KamAZ, based in Naberezhnye Chelny, Russia, said on Nov. 13 that it plans to lay off employees to cut costs because of weaker demand in the Russian truck market.
http://www.bloomberg.com/apps/news?p...&refer=germany
OTOH, I agree that now is a good time to establish new potential markets.
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  #8  
Old 15th December 2008, 20:08
Western SMT Western SMT is offline  
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Kamaz is to supply 1,600 trucks and spare parts worth US $ 2,6 million to Turkmenistan by the end of 2008. The list of KAMAZ major Turkmenistan's customers includes oil and gas, defence, interior, energy and industry, construction and healthcare ministries and other state organizations.
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