kscarbel2

"In 1978 and 1979, lawyer and First Lady of Arkansas Hillary Rodham engaged in a series of trades of cattle futures contracts. Her initial $1,000 investment had generated nearly $100,000 when she stopped trading after ten months. In 1994, after Hillary Rodham Clinton had become First Lady of the United States, the trading became the subject of considerable controversy regarding the likelihood of such a spectacular rate of return, possible conflict of interest, and allegations of disguised bribery,[1] allegations that Clinton strongly denied. There were no official investigations of the trading and Clinton was never charged with any wrongdoing." Rodham had no experience in such financial instruments. Bill Clinton's salary as Arkansas Attorney General and then Governor of Arkansas was modest and Rodham later said she had been interested in building a financial cushion for the future (the ill-fated Whitewater Development Corporation would be another such effort from this time). Starting in October 1978, when Bill Clinton was Attorney General and on the verge of being elected Governor, she was guided by James Blair, a friend, lawyer, outside counsel to Tyson Foods, Arkansas' largest employer, and, since 1977, a futures trader who was doing so well he encouraged friends and family to enter the commodity markets. Blair in turn traded through, and relied upon cattle markets expertise from, broker Robert L. "Red" Bone of Refco, a former Tyson executive and professional poker player. Rodham later wrote that she educated herself about the market and followed it closely, winning and losing money. By January 1979, she was up $26,000; but later, she would lose $16,000 in a single trade. At one point she owed in excess of $100,000 to Refco as part of covering losses, but no margin calls were made by Refco against her. Near the end of the trading, Blair correctly sold short and gave her a $40,000 gain in one afternoon. In July 1979, once she became pregnant with Chelsea Clinton, Clinton said "I lost my nerve for gambling [and] walked away from the table $100,000 ahead." She briefly traded sugar futures contracts and other non-cattle commodities in October 1979, but more conservatively, through Stephens Inc. During this period, she made about $6,500 in gains (which she failed to pay taxes on at the time, consequently later paying some $14,600 in federal and state tax penalties in the 1990s). After her daughter was born in February 1980, she moved all her commodities gains into U.S. Treasury Bonds. The profits made during the cattle trading first came to public light in a March 18, 1994 report by The New York Times, which had been reviewing the Clintons' financial records for two months. The matter immediately gained considerable press attention, and coincided with the beginning of congressional hearings over the Whitewater controversy. Media pressure continued to build, and on April 22, 1994, Hillary Clinton gave an unusual press conference under a portrait of Abraham Lincoln in the State Dining Room of the White House, to address questions on both matters. She stated that she had done the trading, but often relying upon the advice of Blair, and having him place orders for her; she said she did not believe she had received preferential treatment in the process. She also downplayed the dangers of such trading: "I didn't think it was that big a risk. [Blair] and the people he was talking with knew what they were doing." Afterwards she won media praise for the manner in which she conducted herself during this, her first adversarial press conference; Time called her "open, candid, but above all unflappable ... the real message was her attitude and her poise. The confiding tone and relaxed body language ... immediately drew approving reviews." Financial writer Edward Chancellor noted in 1999 that Clinton made her money by betting "on the short side at a time when cattle prices doubled." Bloomberg News columnist Caroline Baum and hedge fund manager Victor Niederhoffer published a detailed 1995 analysis in National Review that found typical patterns and behaviors in commodities trading not met and concluded that her explanations for her results were highly implausible. Possibilities were raised that broker actions such as front running of trades, or a long straddle with the winning positions thereof assigned to a favored client, had taken place. In a 1998 article, Marshall Magazine, a publication of the Marshall School of Business, sought to frame the trading, the nature of the results, and possible explanations for them: These results are quite remarkable. Two-thirds of Hillary’s trades showed a profit by the end of the day she made them, and 80 percent were ultimately profitable. Many of her trades took place at or near the best prices of the day. Only four explanations can account for these remarkable results. Blair may have been an exceptionally good trader. Hillary Clinton may have been exceptionally lucky. Blair may have been front-running other orders. Or Blair may have arranged to have a broker fraudulently assign trades to benefit Clinton's account. Chicago Mercantile Exchange records indicated that $40,000 of her profits came from larger trades initiated by James Blair. According to exchange records, "Red" Bone, the commodities broker that facilitated the trades on behalf of Refco, reportedly because Blair was a good client, allowed Rodham to maintain her positions even though she did not have enough money in her account to cover her activity. For example, she was allowed to order 10 cattle futures contracts, normally a $12,000 investment, in her first commodity trade in 1978 although she had only $1,000 in her account at the time. Bone denied any wrongdoing in conjunction with Rodham's trading and said he did not recall ever dealing with Rodham personally. As it happened, during the period of Rodham's trading, Refco was under investigation by the Mercantile Exchange for systematic violations of its margin trading rules and reporting requirements regarding cattle trading. In December 1979, the exchange issued a three-year suspension to Bone and a $250,000 fine of Refco (at the time, the largest such penalty imposed by the exchange). The trading practices in Refco's Springdale, Arkansas, office, which Bone was the manager of, came under investigation following the October 1979 collapse of cattle prices, which caused traders with that office to lose close to $20 million. A number of the traders, including Blair, sued Refco and its chair, Thomas Dittmer, as well as Bone, on grounds of having manipulated prices and thus precipitating the collapse. Blair and Refco reached an out-of-court settlement. In a case that went to trial, an Arkansas jury found in favor of some of the traders and against Refco and Dittmer, but that verdict was later overturned by a federal appellate court. Court documents detailed some of the alleged trading practices at Refco, including block trading, end-of-day allocation, backdating of trades, and waived margin calls. Two brokers at Springdale, Bill McCurdy and Steven Johns, testifying about another trader's case, said they participated in a cover-up of block trading on a day in June 1979 that happens to coincide with the opening of what would become Rodham's single most profitable trade. After the Rodham trading matter became public, Leo Melamed, a former chairman of the Mercantile Exchange, was brought in by request of the White House to review the trading records. On April 11, 1994, he said that the whole matter was "a tempest in a teapot" and that while her brokers had not required her to provide typical margin cushions, she had not knowingly benefited. On May 26, 1994, after the new records concerning the larger Blair trades came to light, he said "I have no reason to change my original assessment. Mrs. Clinton violated no rules in the course of her transactions." But as to the question of whether Hillary had been allocated profits from larger block trades, he said of the new accounting, "It doesn't suggest that there was allocation, and it doesn't prove there wasn't." Hillary Clinton's defenders, including White House Counsel Lloyd Cutler, maintained throughout that she had made her own decisions, that her own money was constantly at risk, and that she made both winning and losing trades throughout the ten months.[20] Regarding suggestions that Blair had favored Clinton so that Tyson Foods could gain influence with Governor Clinton, they pointed out that Tyson had, in fact, later opposed Clinton during his 1980 re-election bid, an observation the First Lady had also made at her news conference. Clinton's defenders also stressed that Blair and others stayed in the market longer than Rodham and lost a good amount of what they had earlier made later that summer and fall, showing that the risk was real. Indeed, some reports had Blair losing $15 million and Bone was reported as bankrupt.[7] There never was any official governmental investigation into, or findings about, or charges brought regarding Hillary Rodham's cattle futures trading (as opposed to Refco practices overall). Furthermore, by the time her trading results became known, 15 years had passed and statute of limitations issues may have been pertinent. ----------------------------------------------------------------------------------------- Hillary Clinton Turned $1,000 Into $99,540, White House Says Stephen Labaton, The New York Times / March 30, 1994 The White House said today that in 1978 Hillary Rodham Clinton invested $1,000 in commodities futures and that the investment grew in 10 months of trading in the notoriously volatile market into a gain of nearly $100,000. Seeking to dispel suggestions that the trades were risk-free and improperly arranged by an Arkansas lawyer who represents one of the state's most powerful companies, the White House issued a statement this afternoon that said the First Lady had put up her own money and that she bore all of the financial risks in a marketplace where three out of four investors lose money. The officials also released a year's worth of brokerage statements from one of Mrs. Clinton's two accounts. They show winnings outrunning losses about three-to-one. 'Too Nerve-Racking' Senior advisers to President Clinton and his wife said in a briefing this afternoon at the White House that Mrs. Clinton based her trades on information in The Wall Street Journal, and that she stopped trading by 1980, despite her success, because, as one senior aide put it, "she did not have the stomach for it any more and found it to be too nerve-racking." The string of winning trades began in October 1978, as Mr. Clinton, then the state's Attorney General, was leading in polls in the race for Governor. The White House insisted today that Mrs. Clinton received no improper financial assistance on the trades from the lawyer, James B. Blair, a close friend who at the time was the top lawyer for Tyson Foods of Springdale, Ark., the nation's biggest poultry company. Mr. Blair has said that he had suggested that she get into the commodities market, and that he used his knowledge of trading to guide her along the way. During Mr. Clinton's tenure as Governor, Tyson benefited from several state decisions, including favorable environmental rulings, $9 million in state loans, and the placement of company executives on important state boards. Mr. Blair and the Clintons denied any favoritism or conflict of interest when the trades were first reported earlier this month. The commodities trades were the most successful investment the Clintons ever made. The nearly $100,000 profit enabled them to buy a house, invest in securities and real estate and provide a nest egg for their daughter, Chelsea. In its statement, the White House said Mrs. Clinton accumulated trading profits of $49,069 in 1978 and losses of $22,548, for a net gain of $26,541. In 1979, the White House said, she had trading profits of $109,600 and losses of $36,600, for a net gain of about $73,000. Mrs. Clinton did a small amount of commodities trading in a second account through her stockbroker at Stephens Inc. in Little Rock, Ark. In that account, according to officials, she had a net trading loss of about $1,000; she closed the account in March 1980, shortly after Chelsea was born. The release of the trading documents today and tax returns made public on Friday show that in 1978 and 1979 the Clintons took on two high-risk investments with little money down but with Arkansas business figures as advisers or partners. One was the commodities trades. The other was the Whitewater development. The tax returns released on Friday show the Clintons making a $500 investment as their total capital contribution to the Whitewater Development Company, a real estate venture in the Ozarks. Their partner in the venture was a close friend, James B. McDougal, who later became a banker whose savings and loan was subject to broad state regulation. Critics of the Clintons have asserted that Mr. McDougal, who guaranteed a $200,000 loan taken out by the partnership, carried the brunt of the risk on the Whitewater venture. The Clintons say that they ultimately lost about $42,000, mostly from interest payments, in Whitewater. But their relationship with Mr. McDougal is now being investigated by the independent counsel, Robert B. Fiske Jr., who is examining whether Mr. McDougal's savings and loan improperly diverted money into Whitewater or into Mr. Clinton's 1984 campaign for government. Mr. Fiske said today that he could not comment on whether he would look into the commodities trades. But his charter is written broadly enough to enable him to examine the trades if he decided they were relevant. 'Bull Market' in Cattle Brokers and commodities officials differed today in their assessment of the account given by the White House. Jack F. Sandner, chairman of the Chicago Mercantile Exchange, a hub of commodities trading, said that such profits were not unusual during the cattle futures market of the late 1970's, which he described as one of the most booming ever. "At the time the First Lady was trading, it happened to coincide with the biggest bull market in the history of cattle," he said. "When you are lucky enough to catch a dramatic market, you can take $1,000 and scale up and you can make a million. If somebody said they made a million dollars, I wouldn't be surprised at all." But Bill Biederman, vice president of research at Allendale Inc., a research and brokerage firm in suburban Chicago, said such huge winnings are very unusual in the risky commodities market. "It is possible but it is rare," he said. "This has happened just a few times in my career, where I've made millions on a small amount of money." He said it was also unusual for a customer to abandon the markets after such a profitable run. In commodities trading, a speculator essentially bets on whether the future price of a commodity will rise or decline, and the White House said today that Mrs. Clinton's investments were in cattle, soybeans, sugar, hogs, copper and lumber. Brokers in the Refco office have said that most of her profits were in cattle futures. Many of her trades were done on margin, a common practice of investing by using borrowed funds. But regulators and traders said today that most brokers required customers trading on margin to put up additional collateral in case there are sudden losses. "They would want some kind of a minimum until such time as a customer establishes a track record," said David Gary, a spokesman for the Commodity Futures Trading Commission. Joseph Collins, a lawyer for Refco, said that with the passage of time it is difficult to determine whether the Springdale office had such a rule. But he said that generally the decision whether or not to take on a customer with limited resources would be up to the individual broker. Consulting Blair White House officials acknowledged today that Mr. Blair was consulted on many of the commodities trades and was viewed as an important financial adviser, but they said other people, who they could not identify, were also consulted. A senior aide to Mrs. Clinton also said today that she occasionally spoke to her broker about the trades. But brokers in the Springdale office of Refco where Mrs. Clinton executed the trades, including the one she describes as her personal broker, said in interviews in recent weeks that they have no recollection of ever talking with her about the trades. Mrs. Clinton and Mr. Blair have said that they used Robert L. (Red) Bone, the broker who founded the Springdale office of Refco, a Chicago commodities firm, to execute the trades. But Mr. Bone, who worked at Tyson for 13 years until 1973, insisted in several interviews this month that he has no recollection of ever trading for Mrs. Clinton or talking to her about commodities trades. "I can't recall ever dealing with the Clintons," Mr. Bone said in an interview on March 9. After Mr. Blair suggested that Mr. Bone was trying to protect the Clintons' privacy and recommended that a reporter try to talk to the broker again, Mr. Bone again insisted that he had no recollection of ever trading for the Clintons. Mr. Bone could not be reached for comment tonight. During the 1970's, Mr. Bone had been disciplined by regulators and settled charges that he tried to corner the egg market and that he had failed to keep proper records. Those accusations did not involve Mrs. Clinton's account. Mr. Bone's lawyer in both the regulatory proceedings and other legal disputes over the last 15 years has been Mr. Blair. According to the White House, Mrs. Clinton's commodity account was a type in which the client must personally approve each trade. Thomas A. Russo, a New York lawyer who was the Commodity Futures Trading Commission's first director of trading and markets, said the only possible exception to this rule arises when a client grants power of attorney to a third party and allows them to order trades. The rules in effect at the time, Mr. Russo said, otherwise required clients to specify the commodity, the price range and the amount. The only matter that could be left to the broker in such a circumstance is the precise timing of the order, he said. Mr. Blair earlier this month said that he and Mrs. Clinton discussed potential trades; he said he gave her advice on whether to bet on prices rising or falling and she decided on the size of the trades. Omitted Details Tax returns disclosed last Friday show that the Clintons claimed about $100,000 in capital gains from the trades. The returns, which the Clintons had declined to disclose during the campaign, were made public only after a New York Times article on March 18 revealed that the Clintons had made the commodities profits. But in the tax returns the Clintons ignored Internal Revenue Service instructions to detail how much money was invested, how much was earned and on what dates the trades occurred. Today the White House released brokerage statements that show many of the trades. The statements appear on an account that spells Mrs. Clinton's first name wrong and begin with an entry for cash for $1,000 on Oct. 11, 1978. The White House said today that it released the information on Mrs. Clinton's stake in response to a Newsweek article published on Monday that quoted a Columbia University law professor as saying that Mrs. Clinton's investments were financially supported by Mr. Blair and could be considered to be a gift. The professor, Marvin A. Chirelstein, denied making such a statement. Evan Thomas, Washington bureau chief of Newsweek, said today that the report had been the result of "an honest mistake and we regret that." ----------------------------------------------------------------------------------------- Hillary Clinton Futures Trades Detailed Charles R. Babcock, The Washington Post / May 27, 1994 Hillary Rodham Clinton was allowed to order 10 cattle futures contracts, normally a $12,000 investment, in her first commodity trade in 1978 although she had only $1,000 in her account at the time, according to trade records the White House released yesterday. The computerized records of her trades, which the White House obtained from the Chicago Mercantile Exchange, show for the first time how she was able to turn her initial investment into $6,300 overnight. In about 10 months of trading, she made nearly $100,000, relying heavily on advice from her friend James B. Blair, an experienced futures trader. The new records also raise the possibility that some of her profits -- as much as $40,000 – came from larger trades ordered by someone else and then shifted to her account, Leo Melamed, a former chairman of the Merc who reviewed the records for the White House, said in an interview. He said the discrepancies in Clinton's records also could have been caused by human error. Even allocated trades would not necessarily have benefited Clinton, Melamed added. "I have no reason to change my original assessment. Mrs. Clinton violated no rules in the course of her transactions," he said. Lisa Caputo, Clinton's spokeswoman, said the documents were released yesterday "to give as complete a picture as possible" of her trades. She said Clinton had never before seen them. Blair, who urged Clinton to enter the high-risk futures market and ordered most of her trades, said in a recent interview that he "talked her into" her first futures trade in October 1978 before paperwork on her account was completed. It was liquidated quickly, he recalled, because "it was bigger than she wanted and required more money." A close examination of her individual trades underscores Blair's pivotal role. It also shows that Robert L. "Red" Bone, who ran the Springdale, Ark., office of Ray E. Friedman and Co. (Refco), allowed Clinton to initiate and maintain many trading positions – besides the first – when she did not have enough money in her account to cover them. Why would Bone do so? Bone could not be reached for comment, but Blair said he thought he knew why. "I was a very good customer," he said, noting he paid Bone $800,000 in commissions over the years. "They weren't going to hassle me. If I brought them somebody, they weren't going to hassle them." Besides, he added, Bone would not worry if he agreed with his clients' bet on which way the price of a given contract would go. Blair, who at the time was outside counsel to Tyson Foods Inc., Arkansas' largest employer, says he was advising Clinton out of friendship, not to seek political gain for his state-regulated client. At the time of many of the trades, Bill Clinton was governor. Hillary Clinton has said she made all the trading decisions herself and has tried to play down Blair's role. But she acknowledged in April, three weeks after her trades were first disclosed, that Blair actually placed most of the trades. Blair advised Clinton again on July 17, 1979. He recalled that she started that trading day by losing $26,460 on 10 cattle contracts she had held for more than a month, by far her worst loss as a futures player. On his recommendation, he said, she immediately went back into the market. She acquired 50 new cattle contracts – worth $1.4 million -- and when the price moved in her favor, unloaded them around noon for a quick gain of $10,550. This recouped part of her loss. Blair said Clinton and other friends he suggested trades for had lost money that spring on feeder cattle. Those trades "caused everyone some grief," he said. "I'm sure I was pressing to get everyone back above water" in recommending the quick and bold day trade. The White House defense of Hillary Clinton's preferential treatment was that other customers in the same office also were allowed to trade without having enough cash in their accounts. While Clinton's account was wildly successful to an outsider, it was small compared to what others were making in the cattle futures market in the 1978-79 period. An investigation of the cattle futures market at that time by Rep. Neal Smith (D-Iowa) found that in one 16-month period 32 traders made more than $110 million in profits from large trades -- those of 50 contracts or more. Clinton traded positions of 50 or more contracts only three times. The records the White House released yesterday were part of an investigative file from 1979, when the exchange charged Bone and Refco with violations of its record keeping and margin requirement rules. Bone was suspended for three years; Refco paid a $250,000 fine, then the largest in the exchange's history. Internal memos from that investigation cover transactions from the same period in June in which Clinton was trading, but not the same trades. In one instance, the Merc found Bone and a fellow broker were ordering 1,000 cattle contracts at a time – far over the limit allowed at the time – and then allocating them to other customers. One internal Merc memo said "there is reason to believe" that a majority of Bone's accounts were traded without the clients' permission. Blair said that Bone at times traded his personal account without permission. Blair said he doubted Bone traded Clinton's account without her permission. Melamed said it was "impossible" to determine the exact cause for the discrepancies between the Merc computer record of Clinton's trades and the trading records she received from Refco, which the White House released earlier. She said that for six trades, her initial trading position in the Refco records were not reflected in the Merc documents. On one other trade neither her purchase nor sale was included. On that trade she netted $12,150 on 15 cattle contracts she held for four days. Clinton reported a loss of $2,480 on one of the trades in question, Melamed noted. One was a "day trade" on hog contracts that netted $2,553. Melamed said "day trades" are the only way to assure profit even if favorable trading positions are allocated to a customer's account. Any position held overnight would be subject to the rise and fall in prices in the volatile futures market, he added. In commodities futures trading, an account that falls below the "maintenance margin" typically triggers a "margin call," where the trader must put up sufficient cash to cover the contracts. Although Hillary Rodham Clinton's account was under-margined for nearly all of July 1979, no margin calls were made, no additional cash was put up, and she eventually reaped a $60,000 profit. June 29 ......... $56,466 (Margin: Value account should have had to continue trading.) July 12 ........ -$24,243 July 17 ......... $22,537 (Account value: Total cash on hand plus (or minus) paper value of contracts.) July 20 ......... $61,537 July 23, 1979: She withdrew $60,000 and never traded again, closing the account in October.

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The KrAZ model 6511C4 6x4 tipper. .

Commercial Motor TV - sponsored by DAF Trucks / June 23, 2016 .

Iveco introduces 680hp 8x8 tractor IHS Jane’s / June 23, 2016 Iveco Defence Vehicles has launched the 680 horsepower Cursor 16-powered M1250.70T WM8x8 Heavy Equipment Transporter at Eurosatory 2016. The WM 8x8 is powered by a 16-litre FPT Industrial Cursor 16 engine that develops 680 hp (507 kW); this is coupled to a 12-speed automated transmission. Cursor 16 – http://www.bigmacktrucks.com/topic/35959-fiat-powertrain-technologies-fpt-unveils-845-horsepower-cursor-16/ .

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Paul, allowing the topic to "go where it may" is how people learn more. As always, thanks for sharing.

Under the cover of "alleged" neutrality, they played both sides. Swedish historians over the years have tried to white wash history in an attempt to hide their guilt and free their souls. They have the audacity to suggest that Sweden's simultaneous contribution to the Allied and Axis war efforts did not extend the war. Swedish bearing giant SKF operated plants throughout Nazi-occupied Europe, including Vereinige Kugellagerfabriken AG (VKF) in Schweinfurt, Germany. No doubt many here recall tell of the Allied bombing raids on the crucial ball-bearing plants in Schweinfurt. The Luftwaffe and anti-aircraft units (with their superb 88s) put up a all-out fight, because those plants were so critical to the German war effort, Allied losses in men and planes were very high. Thank you Sweden. So now you know, those were Sweden's SKF plants supporting Hitler At the same time SKF (AB Svenska Kullagerfabriken) was profiting from sales to Hitler, its was selling bearings to England via its Skefko Ball Bearing Company subsidiary in Luton, England. The next time you buy a Volvo or Mack-branded truck, which are in fact fitted with SKF bearings..........think about that. FYI - Volvo originated as an SKF subsidiary, and remained so until 1935.

Okay, they want the 11GBA number that is stamped on your engine's identification plate. But if your engine is original to the truck, they can simply use your model and serial number, off the vehicle identification plate on the driver's door, to obtain that 11GBA number and research your engine parts requirement. Is your engine original? How old is the truck?

Why doesn’t Volvo Truck hire people with........a background in trucks? Is that logical concept too difficult for them to grasp? If you need an individual to head marketing, a critical position, why would you hire a blonde ex-cruise line director? In Australia, I’d rather try to hire Steve Brooks. He could sell ice to Eskimos. And, she’s already the current director of the Swedish Australian Chamber of Commerce, a time-consuming occupation in itself. I can tell you, done properly, being a marketing head at a truckmaker is a full-time job. This is no different than the US market Mack leadership. Not a single individual in their upper management has a background in trucks. They live in a vacuum, ignoring the pleas and complaints of the Mack dealer body. No wonder they are so disgusted and disillusioned.

Prime Mover Magazine / June 23, 2016 Teresia Fors has joined Volvo Group Australia (VGA) as Vice President of Marketing and Communications. Leading a team of seven, Teresia will be responsible for delivering on VGA’s marketing and communications strategy for Australia and New Zealand, the company announced. Originally from Kiruna in Sweden, Teresia has a strong marketing background and has held a range of senior positions in general management, marketing and advertising. For the past eight years, she has been the Managing Director at Viking Cruises, where she established the company’s Australian operation. Teresia is also a Councillor of the Australian National Maritime Museum as well as Director of the Swedish Australian Chamber of Commerce. Teresia will replace Julie Skerman, who recently left the Volvo Group to become Joint Managing Director of her family-owned civil construction and property development company. .

Mack Presidents - Tenure John M. Mack 1900 to 1905 / 1909 to October 17, 1911 Otto Mears April 29, 1905 to January 9, 1906 Jacob Sulzbach January 9, 1906 to January 8, 1907 Thomas Rush January 8, 1907 to December 8, 1908 Charles P. Coleman October 17, 1911 to June 13, 1913 John Calder June to October 1913 Vernon Munroe October 22, 1913 to May 23, 1917 Alfred J. Brosseau May 15, 1917 to September 24, 1936 Emil C. Fink January 28, 1937 to January 1, 1943 Charles T. Ruhf August 5, 1943 to June 6, 1949 Edwin D. Bransome June 6, 1949 to January 11, 1955 Peter O. Peterson January 11, 1955 to December 31, 1958 Christian A. Johnson 1958 to 1962 (acting President) Nicholas Dykstra July 20, 1961 to September 1, 1962 C. Rhoades McBride September 7, 1962 to January 6, 1965 Zenon C.R. Hansen January 7, 1965 to January 28, 1972 Henry J. Nave January 28, 1972 to January 1, 1976 Alfred W. Pelletier January 1, 1976 to July 21, 1980 John B. Curcio July 21, 1980 to October 23, 1989 Ralph Reins November 23, 1989 to October 11, 1990 Elios Pascual October 18, 1990 to March 1, 1995 Pierre Jocou March 1, 1995 to November 29, 1996 Michel Gigou December 1, 1996 to July 1, 2001 Paul Vikner July 1, 2001 to April 1, 2008 Dennis Slagle April 1, 2008 to January 1, 2012 Kevin Flaherty January 1, 2012 to September 5, 2013

He was one of Mack Trucks' most important presidents, only exceeded in stature by the legendary Zenon C.R. Hansen. http://www.bigmacktrucks.com/topic/42301-mack-remembrance-–-alfred-j-brosseau/#comment-308377

Transport Brazil / June 22, 2016 Navistar’s Brazilian subsidiary, MWM-International Motors, has landed a supply contract with Chinese construction machinery giant XCMG. The initial agreement calls for Navistar to power XCMG’s model XT870 backhoe with 130 horsepower 5.9-liter Series 10-4.10 TCA four-cylinder diesel engines. The XT870 was previously powered by the 4.5-liter Cummins ISB series. XCMG has over the last 20 years been China’s largest manufacturer of construction machinery (http://www.xcmg.com/en-af/). "This is an important achievement, which further promotes the presence of MWM-International engines in construction equipment. We are proud of the agreement with XCMG, and confident that this partnership will expand and strengthen business enterprises,” said MWM-International sales and marketing director for engines and parts Thomas Püschel. Related reading - http://www.mwm.com.br/site.aspx/Home-En .

Arab News / June 23, 2016 Renault Trucks had entered a new era in Saudi Arabia with the assembly of its first C & K range Renault truck models from KD (knocked down) kits at its newly built assembly facility, Arabian Vehicles and Trucks Industry Co. Ltd. (AVI), in the King Abdullah Economic City (KAEC). A milestone for Arabian Vehicles & Trucks Industry and for the French truck manufacturer, the first Saudi-built Renault trucks have been assembled through the collaboration of a number of Renault-trained technicians, engineers, quality and logistics personnel from Bourg-en-bresse, and a highly trained local AVI team . Lars-Erik Forsbergh, Renault Trucks Middle East president, said: “Our facility in KAEC further cements our commitment of providing unrivalled transport solutions throughout the Middle East. Through the support of our local importer Zahid Tractor and AVI we hope to continue to service the demanding construction, infrastructure and transport sectors in the region and set new standards in the region’s trucking industry.” Forsbergh said: “We are delighted to see the first of many Saudi-built Renault trucks roll off our assembly line. Although the facility layout derives from our group’s lean manufacturing production system, this milestone could not have been achieved without the efforts of our highly-trained Saudi workforce.” Arabian Vehicles & Trucks Industry Ltd. (AVI), is a joint venture between Zahid Tractor & Heavy Machinery Co. Ltd. and Volvo Trucks Corporation, which owns Renault Trucks. AVI’s new air conditioned assembly facility was designed by a project team from the Volvo Group Truck Operations (GTO), comprised of engineers and process owners from brands under the group’s umbrella. Implementing a new concept for an efficient and cost-effective truck assembly, the AVI facility is one of the first in the world to produce both Volvo and Renault trucks on the same assembly line. Up to 4,000 units can be built annually. Primarily serving the growing demands of the Saudi market, the facility will be producing Renault Trucks’ C Range for construction and long haul, and the robust K Range for heavy construction. The 168 million sq m KAEC is the perfect location to connect the East and the West. From its state-of-the-art deep-water port on the Red Sea shore, KAEC can handle the world’s largest ships. In addition, with new road and rail networks, KAEC is just an hour from Jeddah, Makkah, and Madinah. .