Deals
VW Seeks $1.12 Billion Savings From MAN, Scania Integration
- New trucks chief says unit’s already saving 200 million euros
- Top engineers to discuss future projects at meeting next week
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Volkswagen AG boosted its target for cost cuts at its trucks division to 1 billion euros ($1.12 billion) as cooperation between its Scania and MAN units makes progress after years of tepid results.
Scania and MAN, which had previously sought 850 million euros in long-term savings, have started to develop gearboxes together, are combining manufacturing facilities in Russia and have begun working jointly on logistics, IT systems and smaller truck components.