Reuters reports Volkswagen has upped its stake in Maschinenfabrik Augsburg-Nürnberg – better known as MAN – from 73.76 percent to a full 75 percent. While that may seem like a slight jump, the move allows Volkswagen to ask for a domination agreement, which would give the automaker full control over the commercial vehicle company. Volkswagen and Audi currently share a similar understanding. MAN shares increased by around 9 percent on the news, with some investors believing Volkswagen could pay as much as $118 per share in a takeover bid.
Technically, Volkswagen hasn't made a decision on either a takeover or a domination agreement, though the company says it's keeping all of its options open at the moment. CEO Martin Winterkorn says the larger stake in MAN "marks an important milestone for achieving our joint goals in the commercial vehicles business as elsewhere through close cooperation." Just how close that cooperation will become in the near future remains to be seen.

Volkswagen has been slowly increasing its stake in MAN for the past year.


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    • 1 Second Ago
  • 12 Comments
      canuckcharlie
      • 2 Years Ago
      VAG gains control of MAN
      klo3
      • 2 Years Ago
      oh man!
      The Wasp
      • 2 Years Ago
      Hey Autoblog, any speculation or suggestions on what a domination agreement might lead to? Any guesses at possible changes/developments/synergies the companies might seek to make? In simpler words, 'so what'?
      M
      • 2 Years Ago
      MAN produces heavy trucks and commercial buses, one of the worlds biggest manufacturers actually. It also has a quite big industrial arm, rather like Daimler-Benz used to have. VW started to gobbled up MAN a few years ago because they started to interfere with the ongoing VW takeover of truck and buss maker Scania. I guess MAN kinda regrets getting in the game.
      JR
      • 2 Years Ago
      MAN could be to VW as Cummins is to Dodge. Build one for the Amarok.
        DooMMasteR
        • 2 Years Ago
        @JR
        MAN produces heavy truck engines ≥360hp so for trucks ≥18tonns VW owns Scania to cover the small truck area wheras MAN is known for their long distance trucks and engines in the 40tonns range with more than 400hp Also MAN produces a lot of stationary and ship engines where VW now covers the Range from 45kW to 1,7GW of power whatever the customer requests
          JR
          • 2 Years Ago
          @DooMMasteR
          MAN manufacture range from 37 kW (50 hp) to 1,324 kW (1,800 hp). There are 4 and 6 cylinder in-line units and 8 and 12-cylinder V engines. I have a friend with a sportfishing boat that has twin 10 cylinder MAN's...some of the finest made. My point was to tie in with VW as has Cummins,Detroit Diesel and Navistar with the US LT manufacturers. People in the US like the heavy duty tie in and I think MAN would be the way to go if VW decided to build and sell the Amarok in NA.
          Robert Ryan
          • 2 Years Ago
          @DooMMasteR
          Scania mainly produces Heavy Trucks as well as Marine and Industrial Engines. They are now producing engines for TEREX's Off Road Dumpers.
      Peter Burjanec
      • 2 Years Ago
      I still can't help but giggle at their name. I DRIVE A BIG, LONG MAN. Teehee
      Schadenfreude
      • 2 Years Ago
      Hey AB, how about some context? What kind of company is MAN? What do they produce? Obviously commerical vehicles, but what specifically?
      Don G
      • 2 Years Ago
      Coming Soon: The MAN Golf Cabrio and Beetle Convertible... :-P
      imoore
      • 2 Years Ago
      So the MAN sold out, eh? Hehehe. We can only wonder what's Dr. Piech's next conquest will be. Farm tractors? Construction equipment? Lawn mowers? Or is he still angling for Suzuki?