There is “no new date” for the relaunch of the postponed IPO of Volkswagen commercial vehicle division Traton Group, which contains the Scania and MAN brands. Despite Traton Group, formerly Volkswagen Truck & Bus, announcing record results for the first quarter of 2019 this week, a spokesman confirmed that parent company Volkswagen has no immediate plans to relaunch the IPO, which was postponed in March. The spokesman told motortransport.co.uk: “Volkswagen postponed the IPO earlier this year due to market conditions […]
Scania has taken the unusual step of introducing second-generation Euro-6 engines nine months before Euro-6 emissions legislation is fully implemented at the end of this year.
Autologic says its acquisition of the assets of Sensible Transport will add £6m a year to its revenue, but warns that automotive customers remain “focused strongly on price”. For the year ending 31 December 2011, Autologic saw its UK revenue rise 4% to £114.5m (2010: £110.6m) but operating profit in its UK arm fell from £3.2m a year ago to £3.1m. It says that contract pricing in the automotive sector remains competitive, with customers focused strongly on price. The company […]
Volkswagen is considering spinning off its commercial vehicle division – comprising Scania, MAN, Volkswagen Caminhões e Ônibus and Rio– by the end of the year.