Volkswagen has increased its shareholding in German bus and truck maker MAN SE. While the quantum is small, from a previous 73.76% to just over 75%, VW can now ask shareholders to approve a domination agreement, which would give it full strategic and financial control over MAN.
“Volkswagen is keeping all options open to further shape an integrated commercial vehicles group going forward,” the Wolfsburg-based carmaker said in a statement. VW already controls Swedish truck maker Scania.
The announcement comes only days after VW CEO Martin Winterkorn announced a vigorous shake up in his management team, appointing the head of VW trucks unit Scania to VW’s management board responsible for commercial vehicles. “This marks a further important milestone for achieving our joint goals in the commercial vehicles business as elsewhere through close cooperation,” Winterkorn said then.
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they already have so many companies. dont be greedy la
It’s true then, that VW is indeed planning to take over the world!
haha, they don’t want proton, because too rubbish.
‘The MAN Group is one of Europe’s leading industrial players in transport-related engineering, with revenue of approximately €16.5 billion in 2011.’
http://www.man.eu/MAN/en/
16.5 billion Euro? That’s RM63.5 billion…
Ok, I just checked again: MAN is not only a lorry manufacturer, they are building big marine engines too. Their biggest engine has 75,790 kW (101,640 hp). I guess only one of this engines costs a fortune already… ;)
Hitler create VW…Now, VW conquer the world…Hmmmm, Hitler dream come true?