VW open to separate trucks unit listing -Bloomberg


new ipo news of volkswagen

Feb 8 Volkswagen AG's trucks business is open to acquisitions or even a public listing, VW trucks executive Andreas Renschler told Bloomberg.
"We're keeping all options open on our way to becoming a global champion," Renschler said in an interview published on Monday.
Volkswagen was not immediately available for comment.
Volkswagen hired former Daimler manager Renschler to integrate its various trucks businesses which include Swedish truck maker Scania and German MAN SE as well as its own VW-branded light commercial-vehicle business.

Last year, Manager Magazin, citing company sources, reported that Volkswagen may restructure its trucks business so that it could be spun off from the main group.

Share on Google Plus

About Jessica Hornberger

This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.
    Blogger Comment
    Facebook Comment