A Swedish shareholders group recommended that its members accept Volkswagen AG’s $9.2 billion bid to buy out Swedish truck maker Scania AB, Reuters reported April 16.
April 16, 2014Business
VW Says It Is Not Under Pressure to Sell Truck Business
Volkswagen is not under pressure to sell its truck business to raise cash as it faces billions of euros in costs after admitting to rigging emissions tests, management board member Andreas Renschler told a German newspaper.
January 31, 2016Business
Volkswagen Wins Agreement for Control of MAN SE
German truck maker MAN SE’s CEO said an offer from Volkswagen AG to purchase the rest of MAN below the current market value is fair, given the poor economic conditions in Europe, Bloomberg News reported.
June 7, 2013