Volkswagen is looking to conclude a domination and profit and loss transfer agreement with MAN. This means that VW could take full control over MAN, creating an integrated commercial vehicles group with Scania. Volkswagen currently holds 75.03 per cent of the voting rights in MAN but it’s anyone’s guess where the percentage will end up, [...]
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Previous Head of Production and Logistics at Scania, Anders Nielsen has been appointed Chief Executive Officer of MAN Truck & Bus AG. And come September will sit on the MAN supervisory board alongside current Scania Boss Leif Oestling in his role as main VW board member for trucks. Anders Nielsen joined Scania in 1987 and [...]
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In a significant shuffling of the main VW board, a position has opened up for Scania CEO, Lief Oestling to replace Jochem Heizmann as head of the ‘truck division’. VW’s truck interests now include a majority in Scania and MAN, which in turn recently purchased VW’s South American truck business). Oestling, who has worked at [...]
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Volkswagen has taken another step towards making their truck portfolio resemble their successful multi-brand car portfolio in finally acquiring the majority of MAN shares. The company’s stated aim is to operate an ‘integrated commercial vehicles group’ made up of MAN, Scania and their own light commercial division. “This marks the birth of a new top [...]
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Nothing stands in the way of Volkswagen fulfilling its wish to become a key player in the heavy truck market through the integration of MAN and Scania into its commercial vehicles business. This makes the integrated group a real challenger to the market leader, Daimler, who contest that they will remain the world’s largest truckmaker. [...]
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