New Site for Commercial Motors (Wales)

commercial motors wales

Commercial Motors (Wales) Limited has opened a new facility in Newport to handle its MAN and Isuzu operations. The dealership, which had originally been a much smaller operation, was taken over five years ago by current owners, Roger and Gill Sheddick and Robert and Mary Manchip, and now has a purpose-built centre  of some 20,000sq.ft […]

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VW Finally Take over MAN

Georg Pachta-Reyhofen MAN CEO

At the start of June the VW board approved the ‘domination agreement’ which means that MAN shareholders will have a choice between compensation and a buy-out of their shares, giving VW total control. Those shareholders choosing a buy-out, will receive a one-off payment of € 80.89 per share. Those shareholders who do not accept the […]

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VOLKSWAGEN TO BUY REMAINING MAN SHARES

Leif Oestling

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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Ex Scania Man for MAN CEO Role

Anders-Nielsen-MAN-CEO-small

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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VW Trucks Job Confirmed for Oestling

Leif Oestling

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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VW Finally Seals the Deal for MAN

MAN Scania

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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VW Clears Final Hurdle to Take over MAN

MAN Scania

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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