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MAN ready for reorganization following European loss

MAN ready for reorganization following European loss

Volkswagen Ag has been keen to promote its commercial trucking unit, comprised of affiliates MAN and Scania into a coherent division that can compete with the larger competitors – Daimler AG and Volvo. MAN SE has announced plans to restructure its production and administration of the European truck and bus […]

Europe: truck maker MAN SE cuts work hours for 4,000 employees

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 key markets has been dropping. Anders Nielsen, head of MAN’s commercial-vehicle unit, commented during a press conference in Hanover, Germany […]

Porsche 911 GT3 ruined in DUI crash

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 the action into an article, no matter where you live in. The example in question is coming from Poland, […]

VW to Buy MAN’s Shares from Minority Shareholders

VW to Buy MAN’s Shares from Minority Shareholders

MAN announced that VW is interested in buying the company’s shares from the minority shareholders, offering 80.89 euro per share. This move is part of VW’s plan to gain full control of MAN, but the offered price represents a 7.1% discount to MAN’s closing stock price yesterday, March 21st, of […]

MAN Slows Investments, Focuses On Reducing Spending

MAN Slows Investments, Focuses On Reducing Spending

MAN plans to slow investments this year and focus on reducing spending on parts, as the European crisis makes earnings fall faster than sales. Chief Executive Officer Georg Pachta-Reyhofen said today, February 8th, that truck market in Europe will most likely remain ‘significantly below’ the recent peak of almost 400,000 […]