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, […]
At the TRATON Group Innovation day in Sweden last week, motortransport.co.uk caught up with Christian Levin, TRATON’s chief operating officer and head of R&D.
Volvo Group has announced the appointment of former Scania president and chief executive officer Martin Lundstedt (pictured) as its own new president and CEO.
Waste collection company Biffa is set to return to the London Stock Exchange on Thursday (20 October) for the first time in eight years.