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12VW gains control of MAN with stake increase

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 Volksw

25Volkswagen cleared for MAN truck takeover

Volkswagen is on the rise, and has its eye on becoming the largest automaker in the world. But the VW Group is about more than just cars. Their considerable holdings and expanding corporate tree also encompasses several heavy truck manufacturers, and that part of the business has now been cleared to expand.

22Volkswagen acquiring 55.9% stake in MAN SE to become Europe's largest truckmaker

There's plenty of room to get lost in the Volkswagen Group. In addition to the VW brand, the group controls Skoda, Seat, Audi, Porsche, Lamborghini, Bentley and Bugatti. But we can't forget its truck divisions. In addition to being Europe's largest automaker, VW is also one of its largest producer of trucks as well, producing VW commercial vehicles while holding nearly three-quarters of the shares in Swedish truckmaker Scania and a significant stake in MAN as well.

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