Beiqi Foton

[phaeton]

Yes DaimlerChrysler are experts in the field

Is Volvo at all represented in Heavy Trucks overthere ?

[rtz]

Hmm...

Let's see here: "Freightliner LLC, a DaimlerChrysler company"

You ready for some big trucks China?


http://www.freightliner.com/

[Trivia Tim]

Originally Posted by phaeton

Yes DaimlerChrysler are experts in the field

Is Volvo at all represented in Heavy Trucks overthere ?

Trucks here are all domestic brands: mostly FAW, Foton/Auman, Dong Feng or Sinotruck.
In almost 4 years here I can't recall seeing a foreign brand of big truck of any sort on the roads. Although I'm sure there must be a few somewhere...

[chinoy54]

hi, trivia tim. i think there's a mercedes-benz truck factory in your neighborhood called north benz or north star w/ch produces trucks for the oil industry. i wonder if it's still in operation. w/regards to heavy trucks in china, i suppose that it's to be expected that since only big companies buy big trucks, & in china big means state-owned, that the state-owned companies will buy chinese. i think that dc is just making a low-cost entry into the chinese market w/this deal, banking on the foton name to try & penetrate the chinese market w/out too big an investment in manpower.

[chinacartimes]

I was at Beiqi Foton earlier today - they are doing some amazing stuff and their pick up trucks are starting to break away from that 'every chinese pick up looks the same' mould.

I bet they will lead the field in lorries-HGV in a few years, and probably the same with pick up trucks. Great Wall will give them a run for their money though

[Trivia Tim]

Originally Posted by chinoy54

i think there's a mercedes-benz truck factory in your neighborhood called north benz or north star w/ch produces trucks for the oil industry. i wonder if it's still in operation.

You're right, there is a North Benz factory in Inner Mongolia. They make trucks under license and sell them under their own name. The badge is a little similar to the Benz logo.

[chinacartimes]

http://www.chinadaily.com.cn/bizchin...ent_792213.htm

[Admin]

China's biggest light truck maker, Beiqi Foton Motor Co., made its local debut at the 15th Indonesian International Motor Show (IIMS) with the launch of the Foton light truck Thursday.

With a 2,771 cc diesel engine, four turbocharger cylinders producing maximum power of 92.5PS and compliance with the Euro 2 emission standard, the Chinese vehicle is ready to test the waters in Indonesia's already tight light-truck market.
The truck, weighing 5,100 kilograms, can carry large-sized items weighing up to 3,230 kilograms, and is the cheapest truck in its class, according to Foton's local distributor, PT Indobuana Autoraya.
Foton is a newcomer at the IIMS autoshow, which runs through July 28. The annual automotive event is used by major vehicle manufacturers to unveil their latest models.
"We are selling them for only Rp 85 million (US$9,346) off the road," said Indobuana CEO Paulus B. Suranto.
To assure potential buyers that the truck's strength lies not only in its price, Indobuana, a subsidiary of the Indomobil Group, is providing a two-year, or 50,000-kilometer, after-sales service warranty.
"We are also guaranteeing the delivery of spare parts in 48 hours. If we can't meet the deadline, the customer will get a free service," Paulus said. While Chinese products are cheap, they also suffer from a poor-quality image.
"Low prices are not our only consideration. We are also concerned with quality as we have to maintain Indomobil's reputation," he explained.
Foton hopes to sell 800 of its light trucks by the end of the year based on its current single variant, and 3,000 in 2008 based on the addition of other variants.
Java will be the company's first focus, and is expected to contribute up to 60 percent of total sales.
"We expect to take a 10 percent share of the light truck market," said Paulus.
He said that this market was currently very promising, and accounted for more than 10 percent of overall automotive sales, which amounted to 318,000 units last year.
Quoting police vehicle registration figures, Paulus said that automakers sold around 52,000 light trucks in 2005. In 2006, however, the figure decreased by 30 percent due to the fuel price hikes in that year.
"This year, as the economic situation improves and the need for this type of commercial vehicle increases, I believe that light truck sales will match the figure for 2005, and perhaps even exceed it," he said, adding that April sales increased by 48 percent over March. The Beijing-based Foton sold a total of 350,000 vehicles last year and expects the number to reach 400,000 by the end of this year. The company is well-known in China for its trucks and buses, although it also produces a number of sport-utility vehicles

[martin_krpan]

Beiqi Foton 2007 net profit soars 600 pct.

January 30, 2008 - Chinese truck maker Beiqi Foton Motor Co announced last weekend an estimate net profit surge of more than 600 percent last year.

Foton's net profit in 2007 might reach 333 million yuan ($46.3 million) in total, the announcement said. The company’s 2006 net profit was 47.6 million yuan ($6.61 million).

In October, Foton had predicted the year's profit would rise more than 100 percent, but it said recently that management reforms, an improved product portfolio and new sales channels contributed to the company's stronger-than-projected performance.

Daimler AG and Beiqi Foton are exploring possibility to build a joint venture truck maker after a 24 percent stake-purchase deal met regulatory obstacles a month earlier.

source: Gasgoo.com

[mememe]

Beiqi Foton profit up sevenfold

Beiqi Foton Motor Co, China's biggest maker of commercial vehicles, boosted 2007 profit sevenfold as the nation's construction boom boosted sales of trucks and pick-ups.

Net income rose to 388 million yuan ($54 million), or 0.48 yuan per share, from 47.6 million yuan, or 0.06 yuan per share, a year earlier, the Beijing-based automaker said in a Shanghai stock exchange statement yesterday. Sales jumped 41 percent to 27.9 billion yuan.

Foton, the maker of Aumark and Ollin trucks, plans to raise as much as 1.23 billion yuan in a private share placement and to form a venture with Daimler AG to tap the country's surging demand for trucks. China's commercial vehicle sales rose 22 percent to 2.49 million last year, according to the China Association of Automobile Manufacturers.

"The company's profit growth may slow this year as last year's jump came from a low base," said Zhang Xin, an analyst at Guotai Junan Securities Co in Beijing. Profit this year may rise 15 percent, or more than 0.50 yuan a share, he added.

Foton fell 1 percent to 12.03 yuan in Shanghai trading on Friday, before the earnings announcement. The stock has more than doubled in the past year.

The truck maker said in December that it would sell shares to domestic investors after scrapping a plan to sell a 34 percent stake to Daimler. Foton now plans to sign a venture agreement with the German company this year.

http://www.chinadaily.com.cn/bizchin...nt_6437626.htm