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, […]
MAN Truck and Bus has appointed Thomas Hemmerich as MD Simon Elliott’s replacement, ahead of the latter’s departure in January.
A long-term loyal supporter of the CV Show, MAN Truck & Bus was the only OEM to book space at the 2018 event, with its big deep red TGX dominating hall 5 on 24-26 April.
How will truck designs keep up with the whirlwind of new urban legislation? Where is it headed when it comes to alternative fuels or autonomous trucks? What, in fact, does the future look like for the road haulage sector?