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, […]
Four leading truck manufacturers will take the stage again at the Microlise Transport Conference next week.
Salford Van Hire has embarked on a vehicle buying spree, with the purchase of more than 300 new units for its fleet.
Scania and SP Training have begun offering a national HGV driver training programme.