Skip to content
Subscriber Only

VW Trucks Chief Open to IPO, Deals in Expansion Strategy

  • Commercial vehicles business gains more independence at VW
  • VW pushing for close cooperation between Scania and MAN brands
Andreas Renschler, chairman of MAN SE, poses for a photograph following an interview inside the headquarters of Volkswagen AG's commercial-vehicle unit in Munich, Germany, on Wednesday, Feb. 3, 2016.

Andreas Renschler, chairman of MAN SE, poses for a photograph following an interview inside the headquarters of Volkswagen AG's commercial-vehicle unit in Munich, Germany, on Wednesday, Feb. 3, 2016.

Photographer: Krisztian Bocsi/Bloomberg
Updated on

Volkswagen AG’s heavy-truck division is exploring options for growth that could include acquisitions and an initial public offering as it seeks to reap the benefits of more independence within its rapidly reorganizing parent company.

Trucks chief Andreas Renschlersaid in an interview that the U.S., the only major market where the unit has no significant presence, and China are among key regions for possible expansion. The strategy would challenge global industry leaders Daimler AG and Volvo AB as well as smaller rivals in emerging markets. Truck models are dramatically different in individual regions, so expansion in the U.S. would probably involve an acquisition. Renschler declined to comment on specific plans or targets.