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Volkswagen will create the Alliance for the production of trucks and buses
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Volkswagen will create the Alliance for the production of trucks and buses
Concern plans to absorb the MAN and to establish the Alliance with Scania. Volkswagen AG increased its share in the ordinary shares of the company MAN to 30.47% and intends to bring it up to 40%, which will provide him an absolute majority among shareholders truck manufacturer. But further expansion of the vol′fsburgskaâ may be delayed due to the fact that Vw appreciated stock, redeemable at MAN, below their shareholder value (94 euro against 99). Early Volkswagen already acquired majority Swedish Scania. Bavarian concern MAN cooperates with Volkswagen AG and Scania AB ready to engage them in the Alliance, which in terms of production of trucks, buses and special equipment will be the second in Europe after Stuttgart's Daimler AG.
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