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VW’s truck subsidiary MAN SE to seek further cost cutting


The name of the game among Volkswagen Group’s affiliates lately seems to be “cost cutting,” with the latest being truck maker MAN SE – which announced it would seek to expand an already ongoing program. Germany's MAN SE will spread the cost cutting strategy from its core trucking business to all of its other divisions as the parent company has asked ...
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Europe: truck maker MAN SE cuts work hours for 4,000 employees
Europe’s third largest heavy truck maker announced it would begin scaling back truck production output by decreasing work hours for as many as 4,000 workers as the region’s demand in ...
Tesla Model S was not bought with Bitcoins after all
The Bitcoin transaction during which a man has bought a Tesla Model S was held differently than originally said and it seems that the currency used after all were U.S. ...
U.S.: Man sells testicle to buy Nissan 370Z
A man with nuts for brains has announced his plans to sell a testicle in order to buy a brand new Nisan 370Z sports car. A U.S. man has gone nuts ...
[VIDEO] Man surprises his girlfriend with new Corvette C7 Stingray
A new video uploaded on YouTube is making a lot of fuzz and it’s showing a man stopping by his girlfriend’s workplace to show her her new Corvette C7 Stingray, ...
Porsche 911 GT3 ruined in DUI crash
A Polish man totaled his Porsche 911 GT3 after drunk driving it in his home country. A lot of alcohol combined with driving an expensive and powerful sports car will transform ...
Philippino man buys F12 Berlinetta to be eligible for LaFerrari
A man from the Philippines had to buy a brand new Ferrari F12 Berlinetta in order to become eligible for the brand new LaFerrari. Ferrari is known to be one of ...
MAN Reports Second Quarter Profit Down on Sluggish European Truck Demand
MAN’s second-quarter profit dropped 67% due to sluggish demand for trucks in Europe and extra costs for a plant project. MAN’s operating profit dropped to 72 million euro from 219 million ...
MAN Sued For Not Offering Enough Information During Shareholder Meeting
Effecten-Spiegel sued MAN for the answers it has given at a shareholder’s meeting regarding the potential legal battle with minority shareholders over VW’s plan to acquire the truckmaker. Effecten-Spiegel sued MAN ...
MAN Cuts 2013 Earnings Target on Europe Decline
MAN announced it cuts its 2013 earnings target due to a drop in Europe’s truck market and extra costs for planned power-plant. For the first quarter MAN reported a loss of ...

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