VW To Fold MAN, Scania Into Trucks Unit
(chinatrucks.com, Dec.7, 2009)Volkswagen (VOW.XE, VLKAY) plans to lift its stake in MAN SE (MAN.XE, MAGOY) to above 50% and fold the truck maker into a new commercial-vehicles group at VW, German magazine Wirtschaftswoche reported, citing people familiar with the matter, Reuters reported.
The new structure of the trucks businesses should be drawn up before 2011, the year VW planned to hammer out its tie-up with Porsche SE, the business weekly cited the people as saying in an excerpt of an article to be published on Monday. The news comes amid a separate report that MAN is bracing for a prolonged downturn in the truck market.
VW finance chief Hans Dieter Poetsch would be put in charge of the truck integration and eventually of running the new division, the report said. The group would also include Scania, in which VW holds a 71% voting stake.
Views:0
Submit Your Requirements, We Are Always At Your Service.
- SHACMAN Achieves Strong Export Growth in Early 2226 2026-05-29
- 40 FOTON AUMAN Trucks Were Successfully Delivered 2026-03-12
- SHACMAN Expands into High-End Cross-Border Logistics in Southeastern Africa 2026-02-26
- Foton Delivers AUMAN R Tractor Trucks to a Major Port in Central Asia 2026-02-09
- WEICHAI NECV Empowers Global Logistics with Pioneer-level Smart Manufacturing 2025-12-03
- Shacman Hits 25k New Energy Sales as China Heavy-Truck Exports Rise 24% 2025-11-28
- Uzbekistan Purchases 30 Fulongma Electric Garbage Trucks with SHACMAN Chassis 2025-10-13
- ZF Adds New Truck Transmission Production Line in Germany 2025-08-05
- FOTON Auman Trucks Take Top Spots at Mexico’s Súper Copa 2025-06-23
- FOTON Auman Battery-Swap Electric Trucks: Greener Solutions for Port Logistics 2025-05-06
- Visiting Invitation: See What's New from Renault Trucks at IAA 2026
- China's Heavy Truck Exports Surge in June as Leading Brands Win Major Orders
- JAC Becomes Official Vehicle Partner of Ghana Football Association
- Xuzhou Launches International Communication Center to Boost Global Outreach
- FOTON, COSCO Shipping Launch Joint Venture to Strengthen Global Supply Chain
- Foton, COSCO Shipping Move to Secure Capacity as China’s CV Exports Rise
- The 11th DISCOVERY TRUST Awards Successfully Held in Beijing, China
- Chinese Heavy Truck Makers Shift to Value-Driven Global Expansion
- Shandong Heavy Industry and Kazakhstan’s Karaganda Region Ink New Deal
- China’s Diesel Trucks are Shifting to Electric
- China's New Energy Tractor Truck Sales Rise 97% to 25,000 Units in June
- China's Pickup Truck Sales Continue to Decline in May
- China's Tractor Truck Sales Up 27% in May
- China's Medium-Duty Truck Market Surges 74% in May
- China's Mini Truck Sales Drop 18% YoY in May
- China's Heavy Truck Sales Rise 23% in May
- China's Light Truck Market Grows 7% to 172,000 Units in May
- China’s Pickup Truck Market Posts Steady Sales Growth in April
- China Light Truck Sales Down 2% to 178,100 Units in April 2026
- China Heavy-Duty Truck Sales Hit 117,000 Units in April, Up 33% YoY
