MAN Looking At Scania?
A week before the IAA show,
The reports adds another layer of speculation to a suddenly intrigue-filled European truck market. Last week. Volvo
The Wall Street Journal article reports that Scania has a market value of about $9.6 billion. “It isn't clear if Scania would be receptive to any approach, these people said. A MAN spokesman didn't return calls seeking comment. A Scania spokesman couldn't be reached for comment,” the article said.
Adding fuel to the fire, MAN Chief Executive Hakan Samuelsson spent 23 years at Scania before joining MAN in 2000. Volkswagen AG holds about 34% of Scania, and 29% is owned by Swedish holding company Investor AB and foundations run by the Wallenberg family.