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, […]
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.
CM Downton has made a £4.5m investment in its fleet after a take-off in demand, purchasing 50 new tractor units and 60 curtainsided trailers.
Road safety group Road Safety GB has teamed up with Scania to launch an education pack aimed at 10 to 11 year old school children warning of the dangers of heavy goods vehicle blindspots.