Volkswagen Boosts Stake in MAN


4/13/2012 12:00:00 PM
Write a Letter to the Editor



Print This
 

German truck maker MAN SE said Volkswagen AG has boosted its majority stake in the company to 73% of its common shares, Reuters reported Friday.

Volkswagen, which purchased a majority stake in MAN in November, previously held 55.9% of the voting rights.

Volkswagen is seeking to merge its commercial vehicle operations with MAN and truck manufacturer Scania AB of Sweden, which Volkswagen also controls.

Follow Transport Topics on RSS Twitter Facebook


 Print This
 


© 2012, Transport Topics Publishing Group. All rights reserved.

 

 

RELATED ARTICLES

Editorial: Growth in Truck Sales Continues (4/16/2012 8:00:00 AM)
Daimler Recalls Trucks for Seat Belts, Steering (4/16/2012 1:45:00 AM)
Economy Shows Moderate Growth, Fed Says (4/11/2012 3:00:00 PM)
Mexican Border Crossings Rose 2.6% Last Year, DOT Says (4/10/2012 1:15:00 PM)
Great Dane Opens Factory, Begins Work on Design Lab (4/9/2012 4:45:00 AM)
March Truck Orders Drop 31%, Marking Third Straight Decline (4/9/2012 4:00:00 AM)
 

JOIN OUR NEWSLETTER
We'll deliver tax strategies to your inbox from our CPA firm.
We hate spam. Your email address will not be sold or shared with anyone else.