Volkswagen’s Scania Fined $1.03 Billion by European Union for Price Fixing
Volkswagen AG’s tarnished reputation suffered another blow after its Scania unit was slapped with a 880.5 million euro ($1.03 billion) fine for fixing truck prices, a year after other members of the cartel reached a record settlement with the European Union.
Volkswagen Trucks Division Targets Strong Profitability Gain in 2017
Volkswagen's truck division aims to significantly increase its profitability this year as deepening cooperation between the MAN and Scania brands and improving overseas markets spur business, the company said March 20.
Navistar, Volkswagen Seal $256 Million Alliance Deal
NASHVILLE, Tenn. — Navistar International Corp. and Volkswagen’s Truck & Bus division completed their alliance announced in September, with the German automotive company acquiring 16.2 million common shares, or 16.6% of equity, and the Lisle, Illinois, truck maker getting $256 million.
Heavy-Duty Diesel, Natural-Gas Engine Advocates Vie for Share of VW Emissions Settlement
Advocates of heavy-duty engines powered by diesel or natural gas are separately vying for a share of the windfall directed at nitrogen oxide mitigation in all 50 states after recent judicial approval of the federal government’s multibillion-dollar settlement with Volkswagen AG.
VW-Navistar Deal to Yield New Engine Platform for 2021
HANOVER, Germany — The recently announced Volkswagen-Navistar deal will yield a new North American engine platform for 2021, the top executives with both companies said here.
Volkswagen Trucks Unit Allocates Development Projects Within Scania, MAN
Volkswagen AG’s heavy-truck business assigned development of components for its largest vehicles to Swedish brand Scania, while MAN will be in charge of mid-sized and smaller models to reduce costs by eliminating duplicated work.
Volkswagen’s MAN Plans 1,400 Job Cuts as Turbo-Engine Division Reorganized
MAN SE, the German truck-making arm of Volkswagen AG, plans to cut 1,400 jobs at its diesel-engine unit in an attempt to reverse a drop in earnings in that division
Volkswagen Shows Off Electric Commercial Van Concept
Volkswagen Commercial Vehicles debuted its electric e-Crafter concept van Sept. 21, with a range of about 124 miles and designed for urban deliveries.
September 22, 2016VW Truck Unit to Expand Global Presence After Navistar Deal
Volkswagen AG’s heavy-truck unit will continue to expand its global presence after striking a deal to buy a stake in U.S. peer Navistar International Corp., as the European manufacturer readies for technological change including rollouts of all-electric vehicles.
VW's MAN to Sell Trucks With New Digital Features in 2017
BERLIN — Volkswagen division MAN will next year start selling heavy-duty commercial vehicles with new digital services to make its trucks more efficient, as VW looks to challenge rivals Daimler and Volvo AB.