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 […]
Anders Nielsen took over as CEO of MAN Truck & Bus in September 2012, after 25 years at Scania, like MAN part of the Volkswagen group. There the Swede rose from managing gearbox production to a place on the board responsible for production and logistics.
Nine weeks into his job as MD of MAN Truck and Bus UK, Simon Elliott spoke to Steve Hobson about his plans for 2015.
European truck manufacturers have been hit with a record €2.9bn (£2.5bn) fine after they colluded for 14 years on truck pricing and on passing on the costs of compliance with emissions rules.