MAN SE, Volkswagen Plan To Jointly Develop Light Truck Range
March 16 2011 - 5:35AM
Dow Jones News
German truck maker MAN SE (MAN.XE) and its major shareholder
Volkswagen AG (VOW.XE) plan to cooperate on the making of a new
range of light trucks, a spokesman for MAN said Wednesday,
confirming a report in domestic newspaper Hannoversche Allgemeine
Zeitung.
He added the company is considering a module building
system.
The report said the talks about trucks between 3.5 metric tons
and 7.5 tons are well advanced, but Volkswagen is keeping its
options open.
Volkswagen holds nearly 30% of MAN and aims to merge MAN with
its truck unit Scania AB (SCA-V.SK), to benefit from synergies.
-By Nico Schmidt, Dow Jones Newswires, +49 69 29 725 500,
nico.schmidt@dowjones.com
Porsche Automobile (PK) (USOTC:POAHY)
Historical Stock Chart
From Aug 2024 to Sep 2024
Porsche Automobile (PK) (USOTC:POAHY)
Historical Stock Chart
From Sep 2023 to Sep 2024