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 […]
MAN Truck & Bus and Sono Motors have signed a letter of intent to investigate the technical and economic feasibility of integrating Sono’s solar technology into MAN’s eTGE electric transporter.
Acumen Automotive Logistics claims it can triple its turnover in three years after winning a three-year contract with Jaguar Land Rover (JLR).