Hot Topics
Scania
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VW Group sales increase 7% in April
… customers. The brand also recorded double-digit growth in the South America region, delivering 48,600 (43,400; +12.0 percent) vehicles there. *) including deliveries by the Porsche brand from August 1, 2012; excluding MAN and Scania
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VW keeps targets after first-quarter profit falls 26%
… concept. In addition to expanding its passenger-car operations, Volkswagen is forging a heavy-truck alliance with its Scania and MAN units to benefit from economies of scale through closer cooperation and take on global market leader Daimler. VW is …
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VW sees tougher markets after flat March sales
… which completed its first year in China last month, delivered just 539 cars during the first quarter. All group sales figures exclude VW Group's two European commercial truck brands Scania and MAN. Reuters contributed to this report
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Daimler's Bernhard sets sights on beating truck rivals
… Bernhard aims to beat rivals Volvo AB and Scania AB in more than just sales in a bid to ..... revenue, is lagging behind Volvo and Scania in profitability. The truck division ..... posting a 5.5 percent margin last year. Scania 's operating profit margin was 14 percent …
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VW profit lead over Toyota under threat as demand wobbles
… 75 million deliveries, while GM sold 9.29 million. VW also sold more than 200,000 heavy trucks and buses at its MAN and Scania brands. "I think we'll reach our volume target earlier than planned," Winterkorn, 65, said last week on the sidelines …
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VW Group global sales rise 14.9% in January
… customers in the Western Europe region (excluding Germany). On the home market of Germany deliveries ran at 6,200 (8,800; -29.1 percent) units. *) including deliveries by the Porsche brand from August 1, 2012; excluding MAN and Scania
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Zetsche's next term turns on Mercedes passing BMW
… trailing BMW's 10.8 percent. Daimler is still set to beat the 6 percent margin at VW, which controls truckmakers MAN and Scania . Zetsche, a 36-year Daimler veteran, took over from Schrempp in 2006, three months after his appointment as head of the …
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Saab, hometown bank on long shot revival under Chinese investor
… currently reliant on Volvo Car Corp., now owned by China's Zhejiang Geely Holding Group Co., and truckmakers Volvo AB and Scania AB, said Fredrik Sidahl, head of Sweden's parts supplier organization FKG. "We must have a dynamic in Sweden in terms …
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Volvo's new CEO Samuelsson learning the ropes
… Ford subsidiary. Samuelsson's last job was CEO of the German truckmaker MAN. He came up through the ranks of Sweden's Scania as a factory and purchasing specialist. "I'm not really a car guy," he says. Still, he has a pretty good feel of the …
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VW Group global sales rise 11.7% in November
… Deliveries also developed very well in Central and Eastern Europe, where customers took possession of 37,700 (32,300; +16.7 percent) units. *) including deliveries by the Porsche brand from August 1, 2012; excluding MAN and Scania
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Tenneco to supply diesel aftertreatment systems to Scania
LAKE FOREST, Ill. -- Tenneco Inc. says it will supply diesel aftertreatment systems to Scania Group for use in heavy-duty trucks that must comply with Euro 6 regulations that will take effect next year. Tenneco will produce …
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VW sells 2.5 billion euros in bonds to raise cash after buying Porsche, Ducati
… use the money to purchase the shares in Scania AB that it does not own or to take a stake ..... percent in MAN and 70.94 in Sweden-based Scania . VW has said it may pursue a domination ..... as VW seeks a deeper integration with Scania . "We consider all our options to push …
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Truck man aims to get Volvo back on China road
… MAN. He started with Swedish truck maker Scania in 1977, rising to become technical director ..... unsolicited offer in 2006 for his former employer Scania . It went hostile, poisoned relations with Scania chief executive Leif Ostling and eventually …
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VW Group September sales rise 6.5%; U.S., China offset Europe drop
… Commercial Vehicles also developed very well across Europe, with 245,500 (236,900; +3.6 percent) units delivered on the overall European market. *) including deliveries by the Porsche brand from August 1, 2012; excluding MAN and Scania
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Volkswagen cuts European sales target by 140,000 vehicles, report says
… this year, down from the previous estimate of 9.7 million vehicles. The figure includes those made by truck units MAN and Scania . Volkswagen said last month it did not expect a significant rebound in the European auto market over the next one to two years …
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VW Group sales rise 18.9% in August on continued U.S., China demand
… 300; +4.9 percent) vehicles were handed over to customers, and in Mexico, where 13,700 (11,300; +21.8 percent) units were delivered. *) including deliveries by the Porsche brand from August 1, 2012; excluding MAN and Scania
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Saab's new owner agrees not to use griffin logo
… griffin head logo. The finalization of the deal, including the main production plant, came after NEVS agreed with truck maker Scania and defense and aerospace group Saab not to use the logo, though it can use the name Saab. Saab, which has been making cars …
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VW will stop buying brands to focus on integration, CEO says
… Frankfurt. "But at the moment I guess they are really focusing on integrating Porsche and consolidating the truckmakers MAN and Scania ." Strong growth at Volkswagen Group this year puts the automaker in a good position to challenge General Motors and Toyota …
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VW Group sales rise 10% in July as China, U.S. offset weak Europe
… over to customers in the home market of Germany. Deliveries to the rest of Europe also developed well. As a result, vehicle deliveries on the overall European market rose to 193,600 (183,800; +5.3 percent). *) excluding MAN and Scania
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VW labor chief says no to more acquisitions, report says
… which surpassed Toyota last year to become the world's second-biggest carmaker, has been scooping up brands including Scania , MAN, Porsche and Ducati in recent years as part of an effort to overtake General Motors Co. at the top of the industry by …
