Volkswagen‘s trucks subsidiary Traton on Thursday hiked its buyout offer for U.S. peer Navistar by over a fifth to $43 per share. The German automaker made a $35 per share offer …
Volkswagen trucks
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- Volkswagen
VW to use Traton proceeds to internationalize truck business, says CEO
by SpeedLuxby SpeedLuxGerman automaker Volkswagen will use proceeds of an initial public offering of its Traton trucks unit to spend in the “internationalization” of the division, CEO Herbert Diess stated on Tuesday. …
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Volkswagen is near to hiring Citigroup, Deutsche Bank, Goldman Sachs and JP Morgan to assist with the possible stock market listing of its truck unit Traton, two people knowledgeable with …
- Volkswagen
Volkswagen ordered by German court to pay MAN minorities 300 million euros
by SpeedLuxby SpeedLuxA German court has ordered Volkswagen‘s truck unit MAN to pay 300 million euros ($350 million) to shareholders in the unit, putting a long-running court battle over its buyout offer …
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Volkswagen Truck & Bus on Friday selected mergers and acquisitions specialist Christian Schulz as its new finance chief, as the division looks to tap capital markets to fund an expansion …
- Volkswagen
Volkswagen’s trucks division open to purchase most of the stake in Navistar
by SpeedLuxby SpeedLuxVolkswagen is open to purchasing a majority stake in U.S. truckmaker Navistar it stated on Monday, as the German automaker plans its trucks business for a possible stock market listing …
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Volkswagen stated it could list its trucks business as part of expansion strategies for the division, Andreas Renschler, head of the trucks business stated on Monday. “We want to achieve …
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Volkswagen‘s heavy-trucks brand MAN stated it will spend over 2.4 billion euros ($2.8 billion) through 2020 on upgrading plants in Europe, Asia and Africa as part of efforts to overhaul …
- Volkswagen
Volkswagen to develop electric trucks and buses in $1.7 billion technology drive
by SpeedLuxby SpeedLuxVolkswagen AG is going to invest 1.4 billion euros ($1.7 billion) in new technologies consisting of electric trucks and buses by 2022, VW’s trucks chief Andreas Renschler stated. The money …
- Volkswagen
Volkswagen trucks department focuses on strong profitability gain this year
by SpeedLuxby SpeedLuxVolkswagen‘s truck division intends to substantially boost its success this year as deepening cooperation in between the MAN and Scania brand names and enhancing abroad markets stimulate service, it stated …
