Cars
The Volkswagen Group has received the necessary antitrust approvals from the E.U. and other countries worldwide to buy the majority of stakes in Swedish truck manufacturer Scania AB. Earlier this year, the German Group had reached an agreement with Investor AB and the Wallenberg foundations to acquire their entire shareholdings in Scania for approximately 2.8 billion euros. Volkswagen will now increase its share of voting rights in Scania from 37.98 percent to 68.60 percent while itts equity interest will rise to 37.73 percent (from 20.89 percent). -Continued
- Vw Integrates Man And Scania Into Newly-formed Truck & Bus Gmbh
VW has announced the creation of an integrated commercial vehicles group called Truck & Bus GmbH, which will become the new Volkswagen Group holding for the MAN and Scania commercial vehicle brands. Read more »...
- Gm Is World's Largest Automaker In 2011 But Vw Group Says Not So Fast
On Thursday, General Motors reported global sales of 9,025,942 units in 2011, up 7.6% over 2010, which makes it the world's largest automaker in terms of volume. Earlier this month, the Volkswagen Group announced that it sold a total of 8.16 million...
- Vw Group Surpasses Six Million Sales In The First Nine Months Of The Year
The Volkswagen Group is defying the economic crisis and gearing up to set a new sales milestone this year. For the first time in its history, the German maker sold 6.11 million vehicles (5.36 million if you exclude the Scania truck division) in the first...
- Volkswagen Acquires 49.9% Stake In Porsche For €3.9 Billion
In a story that started out with Porsche trying to take over Volkswagen only to end up the other way around, VW made a significant step towards its plan to integrate the German sports car brand by announcing today that it acquired a 49.9% stake in Porsche...
- Volkswagen And Porsche Close Merger Deal
Europe's largest automaker, Volkswagen, and Porsche announced today that they reached an agreement to merge their operations to create an integrated automotive group led by VW. Under the agreement, Volkswagen will buy a 42 percent stake in Porsche's...
Cars
Volkswagen Group Officially Takes Control of Scania
The Volkswagen Group has received the necessary antitrust approvals from the E.U. and other countries worldwide to buy the majority of stakes in Swedish truck manufacturer Scania AB. Earlier this year, the German Group had reached an agreement with Investor AB and the Wallenberg foundations to acquire their entire shareholdings in Scania for approximately 2.8 billion euros. Volkswagen will now increase its share of voting rights in Scania from 37.98 percent to 68.60 percent while itts equity interest will rise to 37.73 percent (from 20.89 percent). -Continued"We are delighted that Scania will now become the Group's ninth strong brand under the roof of
- Vw Integrates Man And Scania Into Newly-formed Truck & Bus Gmbh
VW has announced the creation of an integrated commercial vehicles group called Truck & Bus GmbH, which will become the new Volkswagen Group holding for the MAN and Scania commercial vehicle brands. Read more »...
- Gm Is World's Largest Automaker In 2011 But Vw Group Says Not So Fast
On Thursday, General Motors reported global sales of 9,025,942 units in 2011, up 7.6% over 2010, which makes it the world's largest automaker in terms of volume. Earlier this month, the Volkswagen Group announced that it sold a total of 8.16 million...
- Vw Group Surpasses Six Million Sales In The First Nine Months Of The Year
The Volkswagen Group is defying the economic crisis and gearing up to set a new sales milestone this year. For the first time in its history, the German maker sold 6.11 million vehicles (5.36 million if you exclude the Scania truck division) in the first...
- Volkswagen Acquires 49.9% Stake In Porsche For €3.9 Billion
In a story that started out with Porsche trying to take over Volkswagen only to end up the other way around, VW made a significant step towards its plan to integrate the German sports car brand by announcing today that it acquired a 49.9% stake in Porsche...
- Volkswagen And Porsche Close Merger Deal
Europe's largest automaker, Volkswagen, and Porsche announced today that they reached an agreement to merge their operations to create an integrated automotive group led by VW. Under the agreement, Volkswagen will buy a 42 percent stake in Porsche's...