
Volkswagen is devising a plan to take full control of Swedish truckmaker Scania and Germany’s MAN, according to reports.
The German automotive giant is said to be planning to increase its 46 per cent stake in Scania, thereby assuming full control—after which it would then transfer its 29.9 per cent stake in truck and diesel engine group MAN to Soedertaelje, Sweden-based Scania.
The plan was first reported in German weekly magazine Der Spiegel.
It is thought that VW would increase its stake in Scania to between 75 and 80 per cent.