VW Appoints Herbert Diess CEO in Sweeping Overhaul
Volkswagen AG picked a new leader in a management shakeup to ready the world’s largest automaker for a wave of technological change upending the industry’s traditional business models.
April 12, 2018VW to Roll Out Electric Trucks, Buses in $1.7 Billion Project
Volkswagen AG is flanking its push into electric cars with plans to roll out battery-powered commercial vehicles targeted at urban areas as growing public concerns about air quality boost demand.
October 11, 2017Volkswagen Increases Stake in Navistar
Volkswagen Truck & Bus, a unit of Volkswagen AG, has purchased nearly 300,000 additional shares of stock in Navistar International Corp.
August 1, 2017VW Says It Is Not Under Pressure to Sell Truck Business
Volkswagen is not under pressure to sell its truck business to raise cash as it faces billions of euros in costs after admitting to rigging emissions tests, management board member Andreas Renschler told a German newspaper.
January 31, 2016Swedish Shareholders Group Recommends VW Bid for Scania
A Swedish shareholders group recommended that its members accept Volkswagen AG’s $9.2 billion bid to buy out Swedish truck maker Scania AB, Reuters reported April 16.
April 16, 2014Volkswagen Wins Agreement for Control of MAN SE
German truck maker MAN SE’s CEO said an offer from Volkswagen AG to purchase the rest of MAN below the current market value is fair, given the poor economic conditions in Europe, Bloomberg News reported.
June 7, 2013