• Nov 13, 2006

The earliest reports on the "resignation" of Volkswagen group CEO Bernd Pischetsrieder indicated that while he'd be replaced as chief executive, he would be retained to take on "special assignments". What such ambiguous duties might entail was a mystery, but it's looking like he may be put in charge of managing a merger between two major European truck companies.

MAN has been maneuvering to buy out Scania with offers over $13 billion, but the Swedish company has been fighting to maintain its independence from the Germans (sound familiar?). Volkswagen AG happens to be the largest shareholder of both companies.

At the moment, Volkswagen is neither confirming nor denying the reports of Pischetsrieder's potential re-assignment. The supervisory board is due to meet on November 17, when they'll make their decision, so we'll just have to sit tight until then.

[Source: Automotive News – sub. req.]



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    • 1 Second Ago
  • 3 Comments
      • 8 Years Ago
      #1
      No the problem with the Volvo merge was that EU wouldn't allow it, as they (Volvo/Scania) would have a market share of about 98% of heavy trucks in the nordic countrys.
      • 8 Years Ago
      They're not talking about WWII. Opel is swallowing Saab.
      • 8 Years Ago
      vee-dub makes trucks for south america and the middle east... i think they're based on MEN i d think youd call them