Volkswagen Creates Truck Group to Push MAN, Scania Cooperation
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Volkswagen AG created a holding company for its MAN and Scania heavy-truck units in the latest effort to kick-start cost savings and cooperation efforts after buying the former rivals.
VW’s controlling stakes in Munich-based MAN SE and Sweden’s Scania AB will be pooled into the German automaker’s Truck & Bus GmbH subsidiary, the Wolfsburg-based company said Tuesday in a statement.