Volkswagen’s plan to sell off Scania and MAN remains on hold

Scania Griffin

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 “Volkswagen postponed the IPO earlier this year due to market conditions […]