VW Hits Reset on Decade-Long Truck Plan With Scania Offer

Volkswagen AG is bidding 6.7 billion euros ($9.2 billion) for the rest of Scania AB to restart a stalled plan to create a global heavy trucks unit that can compete with industry leaders Daimler AG and Volvo AB.

The Wolfsburg, Germany-based manufacturer thus far has reaped limited financial rewards for the billions invested in the last decade to purchase controlling stakes in the Swedish company and German truckmaker MAN SE as minority investors resisted efforts to share technology that would boost profit.