VW dismisses doubts over MAN, Scania tie-up

Frankfurt: Volkswagen still aims for closer ties between its truck making subsidiaries MAN of Germany and Sweden’s Scania, reports Reuters. The companies today deny a report that highlighted a lack of progress and said the plan had been dropped, says Reuters.

Analysts said VW’s plans for the two firms it controls were proceeding slowly, suggesting a full merger was probably some way off.

VW has said it sees substantial synergies between 55.9%-owned MAN and Scania in which it holds 70%, as it seeks to take on global market leader Daimler and number two Volvo.

On Thursday, Swedish paper Dagens Industri reported unnamed sources as saying VW chairman Ferdinand Piech was now no longer pushing for closer cooperation as long as Scania continued to be the highly profitable business it is.

A spokesman for Scania said working groups between Scania and VW on areas of cooperation were still going on.  “We don’t really recognize what was reported in the newspaper,” Scania spokesman Hans-Ake Danielsson said, referring to the report.

“We have had working groups with VW since last year looking into possible areas of cooperaton…  These talks are on their way and they are going on in a constructive and positive way,” he said.

The cooperation covers axles, gearboxes, commodity purchasing and joint research on hybrid components for heavy trucks and buses.

WORLD NEWS

Chereau appeals for hydrogen production at distribution sites

Avranches, Normandy, France: Chereau is encouraging companies to set up hydrogen plants at distribution sites to encourage hydrogen refrigeration in trucks. Chereau is testing hydrogen-based …

READ THE FULL STORY >

Lineage Logistics buys Emergent

Novi, Michigan, USA: Lineage Logistics has acquired Emergent Cold in a $900m deal. The deal, first announced in November, marks Lineage’s entry into the Australia, …

READ THE FULL STORY >

Lineage Logistics buys Henningsen Cold Storage

Novi, Michigan, USA: Lineage Logistics has bought Henningsen Cold Storage Company. The deal bolsters Lineage’s presence in the Pacific Northwest adding 14 sites in Oregon, …

READ THE FULL STORY >

Global cold chain data shows labour the highest cost

Arlington, Virginia, USA: Labour is the largest cost followed by property rent or lease expenses for coldstore operators, according to data from the Global Cold …

READ THE FULL STORY >

WHAT’S ON

  • Cold Chain Live
    Make a diary note for Cold Chain Live, 24 – 25 September, Birmingham, UK

Latest Tweets

© 2020 Global Cold Chain News | Terms of use | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 6 Corunna Court, Corunna Road, Warwick CV34 5HQ