Volkswagen is considering spinning off its commercial vehicle division – comprising Scania, MAN, Volkswagen Caminhões e Ônibus and Rio– by the end of the year. Although dependent on market conditions, Volkswagen is targeting an IPO of the commercial vehicles business as Traton Group. Ahead of the biannual IAA show in Hannover, which begins on Thursday, Volkswagen said that now was the right time to set the course for the future of Traton. Traton, formerly Volkswagen Truck & Bus, has also […]
Volkswagen has scaled back its IPO ambitions for its truck division Traton Group, which includes the brands MAN and Scania, and is now offering 15% of the company’s shares.
French-owned Gefco Group is planning to sell a 40% stake in its business this year.