just because a company say's there order book is up doesn't mean they are selling more trucks it just means they are getting more money for the trucks they are selling. both Goldman Sachs and KKR have said they are not willing to put more money into KION also as there is quite a bit of debt to refinance next year and they wont refinance this them selfs and to go to the markets would mean they would pay much hire charges than they are paying now which is what is moving KION into loses then they have to find another way to do this they had hoped to float the business to raise the capital to do this but this can't now be done. So they have had to go to China to get the capital needed by selling 25%. If you think that Shandong will invest 700 mill and stop at 25%. they won't they want more and they have the capital to get more that is that.


We will see next year when KION release there results and when Shandong own over 35% of the equity. Goldman Sachs and KKR paid 4 billion for KION now they are selling 25% for 700 million so the value is 2.8 Billion not a bad loss. wants Shandong gets hold of 25% the rest is worthless because Shandong will use pressure to move technology out of KION who have made some quite innovation in electric trucks not Diesel there diesels are quite basic and expensive like all the other manufactures. In fact what innovation has happened in any diesel truck over the last 50 years.


As for this copy of a linde truck we are doing it is quite funny Like i have said before it is about as much as a Linde as a Mercedes is a Audi the only thing it has in common with Linde it the transmission which comes from Sauer. Sauer are much more advanced than Linde in the Hydrostatic systems and now Linde have had to Copy there system that was around over twenty years ago by going fixed displacement motors. The new truck we are to do is much smaller and lighter than a Linde its designed on a totally diffident platform Linde claim to use modular construction if it was a modular constructed truck it would have modular s like we have we can strip a truck if a fault was to arise in under 1 hour that is take the engine out no other manufacture can do this. So yes in a way we are just like a Linde We are the same shape we use the same engine and of course we use modular construction. How can a hydrostatic run through gears it was like i said a semi hydrostatic truck and then they went to fixed displacement motors to create a full hydrostatic truck. In fact the Linde 10 -18 ton truck had to have a total top end redesign to stop overheating of the new engine also they are selling that many of them Merthyr Tydfil will be closed by next summer and all big trucks and container handling trucks will be made in Xiamen by the end of next year


As for the truck the first ones will be tested later this year with customers who have all ready stated interest. Also there has been a number of interested from established manufactures who would be willing to help with the new venture so you will be seeing the new truck quite soon.