Volkswagen Integrates Divisions in Commercial Vehicles Unit
Volkswagen AG said it will create an integrated commercial vehicles unit by transferring the shares held in Scania AB to Truck & Bus GmbH.
Volkswagen AG said it will create an integrated commercial vehicles unit by transferring the shares held in Scania AB to Truck & Bus GmbH, according to a report in the Wall Street Journal.
The wholly-owned Volkswagen subsidiary already holds 75.28 percent of the voting rights in MAN SE, according to the report.
The trucks and buses business will help leverage the full synergy potential between the brands, particularly the three commercial vehicle companies MAN Truck & Bus AG, MAN Latin America and Scania AB, according to the report.
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