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Volkswagen Considering Taking Full Control Over MAN

Volkswagen Considering Taking Full Control Over MAN

If Volkswagen agrees to take over MAN, the German truck units shouldn’t expect additional synergies. “Each investor would have to decide for themselves at a shareholders meeting whether (approving a domination agreement) makes sense for them,” Frank Lutz told reporters in Munich. Currently Volkswagen owns over 75% of MAN’s share […]

Volkswagen dispels doubts over MAN, Scania tie-up

Volkswagen dispels doubts over MAN, Scania tie-up

Volkswagen announced its truckmaking subsidiaries MAN and Scania will have closer ties in the future, denying a report that wrote the plan for a deeper integration had been dropped. Analysts said the plans for a tie-up were going slowly and that the slow pace of implementation suggested the full merger […]

Volkswagen plans to set up new unit with MAN assets

Volkswagen plans to set up new unit with MAN assets

Volkswagen AG plans to integrate MAN SE’s Diesel & Turbo unit and the transmission-making Renk division into a new industrial unit together with its block heat and power plant business after acquiring the truckmaker, Manager Magazin reported, without citing anyone. Volkswagen’s truck unit will include MAN, Scania AB and VW […]