volkswagen

Business

VW Truck Unit to Expand Global Presence After Navistar Deal

Krisztian Bocsi/Bloomberg News

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.

Christoph Rauwald | Bloomberg News
September 20, 2016
Business

VW's MAN to Sell Trucks With New Digital Features in 2017

Krisztian Bocsi/Bloomberg News

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.

Reuters | By Andreas Cremer
September 20, 2016
Business

Watch Live: Daimler Press Conference From IAA

The IAA Commercial Vehicles Show kicks off in Hanover, Germany, on Sept. 20, with Daimler set to stream its announcement live at 2:15 p.m. EDT.

September 20, 2016
Business

Navistar, Volkswagen Agree on Strategic Alliance

Bloomberg News/TT File Photo

Navistar International Corp. and Volkswagen AG’s truck unit announced a strategic alliance that includes a $256 million investment by the German vehicle maker in Navistar as well as planned joint development of powertrain, procurement and other collaborative efforts.

September 5, 2016
Business

Volkswagen AG Seeks $1.12 Billion Savings From MAN, Scania Integration

Renschler by Krisztian Bocsi/Bloomberg News

Volkswagen AG boosted its target for cost cuts at its trucks division to $1.12 billion (1 billion euros) as cooperation between its Scania and MAN units makes progress after years of tepid results.

Christoph Rauwald | Bloomberg News
May 26, 2016
Business

Volkswagen’s MAN Trucks Triples Tech Team as Big Rigs Go Online

Krisztian Bocsi/Bloomberg News

Volkswagen AG’s truck unit MAN is nearly tripling the size of its digital division to add self-driving technology and make freight loading more efficient, seeking new sources of income as big rigs are increasingly linked via the Internet.

Elisabeth Behrmann | Bloomberg News
May 25, 2016
Business

VW Trucks Chief Open to IPO, Deals in Expansion Strategy

Dado Galdieri/Bloomberg News

Volkswagen AG’s heavy-truck division is exploring options for growth that could include acquisitions and an initial public offering as it seeks to reap the benefits of more independence within its rapidly reorganizing parent company.

Christoph Rauwald | Bloomberg News
February 8, 2016
Business

Volkswagen AG CEO Martin Winterkorn Resigns After Emissions Scandal

Michele Tantussi/Bloomberg News

Volkswagen AG CEO Martin Winterkorn, who during nearly a decade at the helm catapulted VW to the top spot in global sales, stepped down after admitting the automaker cheated on U.S. emissions tests.

September 23, 2015
Business

VW, Metzler to Sell LeasePlan Fleet Management Business for $4 Billion

LeasePlan Corp.

Volkswagen AG and banker Friedrich von Metzler agreed to sell fleet-management company LeasePlan Corp. for 3.7 billion euros ($4 billion) to a group of investors including TDR Capital LLP.

July 23, 2015
Business

Andreas Renschler Begins Post as VW Trucks Chief

Guenter Schiffmann/Bloomberg News

Andreas Renschler officially took over as head of Volkswagen’s truck division on Feb. 1, and he will spearhead a growth effort that could include an acquisition in the United States.

February 4, 2015

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