Volkswagen has completed an IPO for subsidiary Traton today (28 June), placing 57.5 million shares at a price of €27 (£24) each and raising £1.55bn. Volkswagen remains the majority shareholder in the business, which owns Scania and MAN, having sold 11.5% of the company. It is now listed on the Stockholm and Frankfurt stock exchanges. The company had previously provided a share price range of between €27 (£24) to €33 each. At €27 per share, the lower end of expectations, […]
September 22, 2021 Tim Wallace
North Yorkshire family haulier Campeys of Selby has taken delivery of the first of 11 new compressed bio gas (CBG) powered tractor units.
July 2, 2021 Tim Wallace
Scania is to introduce a “substantially updated” Euro-6 truck range this November.