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 […]
Turnover at Ceva Logistics fell 6% in the first three months of 2013, while its profit halved as the company continued with its cost reduction measures.
Ceva Logistics has postponed its proposed float on the New York Stock Exchange (NYSE) as it looks to restructure its balance sheet and stem its shrinking profits.