Andreas Renschler officially took over as head of Volkswagen’s truck division on Feb. 1, and he will spearhead a growth effort that could include an acquisition in the United States.
February 4, 2015Business
VW Secures Backing to Complete Scania Bid, Bolster Heavy-Trucks Division
Volkswagen AG secured enough backing to move forward with its $9.2 billion bid for Scania AB, removing the last major obstacle to a nearly decadelong effort to forge an integrated heavy-trucks unit.
May 13, 2014Business
Volkswagen Extends Scania Offer Deadline After Failing to Win 90%
Volkswagen AG extended the offer period for its $9.2 billion bid to buy out Swedish truck maker Scania AB after failing to reach the necessary 90% threshold of approvals.
April 30, 2014Business
VW’s Scania Bid Gets Backing From Shareholder Group
Volkswagen AG’s $9.2 billion bid to buy the rest of heavy-truck maker Scania AB received a boost after Scania’s fourth-largest shareholder backed the deal.
April 24, 2014Business
VW Rules Out Raising Price of Scania Bid
Volkswagen AG ruled out raising its $9.2 billion bid to buy out Swedish truck maker Scania AB after some minority stakeholders rejected the deal as being too low.
April 14, 2014Business
Swedish Pension Fund Declines VW’s Scania Bid
A Swedish pension fund that holds a small amount of Sweden-based Scania has declined Volkswagen’s $9.2 billion offer to buy out the rest of the truck maker.
April 10, 2014Business
Volkswagen Agrees With Swedish Unions Over Scania Job Security
Volkswagen has agreed with Swedish labor unions to grant full job security to workers at Swedish truck maker Scania, which the German automotive group is seeking to acquire, Reuters reported April 2.
April 2, 2014Business
VW Stands by $9.2 Billion Bid for Scania After Committee Recommends Rejection
Volkswagen AG declined to raise its $9.2 billion bid to buy out rest of Swedish truck maker Scania AB after a Scania board committee recommended that minority owners reject the offer as being too low.
March 18, 2014Business
VW Hires Renschler to Run Truck Unit; Bids $9.2 Bln. for Remainder of Scania
Volkswagen AG appears to be setting itself up as a major player in the world truck market after announcing that it has made an offer to buy the remainder of Swedish truck maker Scania AB for $9.2 billion and has hired Andreas Renschler to oversee global truck operations.
March 3, 2014Business
MAN’s 2Q Profit Drops on Lower Truck Demand
European truck maker MAN SE’s second-quarter profit fell 67% on higher costs and declining truck demand, Bloomberg News reported Tuesday.
July 30, 2013