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Thread: Volkswagen cleared for MAN truck takeover

  1. #1

    Post Volkswagen cleared for MAN truck takeover

    Filed under: Truck, Government/Legal, Work, Volkswagen


    Volkswagen is on the rise, and has its eye on becoming the largest automaker in the world. But the VW Group is about more than just cars. Their considerable holdings and expanding corporate tree also encompasses several heavy truck manufacturers, and that part of the business has now been cleared to expand.

    We first reported on Volkswagen's intent to acquire a larger stake in MAN - the truck, bus and turbodiesel engine manufacturer that is not only the oldest company listed on the German stock exchange, but itself also one of the largest.

    The move has now received European regulatory approval, clearing the way for Volkswagen's commercial vehicle division to increase its stake in MAN SE from 30.5 percent to 53.71, while increasing its voting rights to a majority 55.9 percent. The acquisition is expected to reduce overhead and redundancies between MAN, Scania and Volkswagen's own truck operations, opening the door for the larger company to become the largest truck manufacturer in the European market. Follow the jump for the official announcement.Continue reading Volkswagen cleared for MAN truck takeover
    Volkswagen cleared for MAN truck takeover originally appeared on Autoblog on Wed, 05 Oct 2011 18:20:00 EST. Please see our terms for use of feeds.
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  2. #2
    VIP Member Wrighty's Avatar
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    Re: Volkswagen cleared for MAN truck takeover

    vw trucks on the road in the near future then ???

  3. Fully fledged member of the 8V death squad

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    4th Gear sparks3's Avatar
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    Re: Volkswagen cleared for MAN truck takeover

    . The gearbox on one of the 7.5 tonne Mean and Nasties dad had was awful (hence the Nasty) but it was like kak off a spade (Mean) Would be a shame if VW folded the MAN name in favour of VW badged wagons but think of the instant cool for Mr Heartattack in the -truck-stops when his split-screen tri-axle rolls up!
    The worst thing about chocolate body paint is the bellybutton lindt.

  5. #4
    VIP Member Wrighty's Avatar
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    Re: Volkswagen cleared for MAN truck takeover

    i dont think they would fold the name they would just make a new wagon brand
    Fully fledged member of the 8V death squad

  6. #5

    Re: Volkswagen cleared for MAN truck takeover

    Truck sized BBS wheels .... cant wait for that!
    Post whore status: Winding up


  7. #6
    2nd Gear themac007's Avatar
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    Re: Volkswagen cleared for MAN truck takeover

    Blimey! looks like VW and Tesco are both going for world domination.

    When it comes down to it, who's gonna win?

    There's only one way to find out..............FIIIIIIIGGGHHHHHTTTTT!!!!

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