Former VW Chief Still Chairs Porsche SE, Audi, Scania, Truck & Bus GmbH
Though he may have resigned as CEO of the Volkswagen Group, Martin Winterkorn retains four senior positions - including head of the company's largest shareholder Porsche SE, and three of its business units.
Volkswagen owns or has controlling interests in three commercial truck operations: besides its own, VW began buying shares in Sweden's Scania in 2000 and now controls 89.2 percent of its shares and 62.6 percent of its capital, then bought into Germany's Man in 2006 - in order to prevent Man from trying to take over Scania - and now owns 75 percent of it. The car company has managed to work out 200 million euros in savings, but believes it can unlock a total of 650 million euros in savings if it
Every year when we start talking about which automaker is the biggest in the world, there always seems to be at least a little bit of controversy. For 2013, Toyota handily took the top spot with 9.98 million sales, but it's the runner up spot between General Motors and Volkswagen that is starting to create a stir.
San Francisco Bay Area readers, or anyone who has ridden (or driven behind) Muni buses, are more than familiar with the concept of electric-powered commercial vehicles getting energy through a roof-mounted apparatus connected to wires. Now, Sweden-based Scania and German company Siemens are partnering on a similar technology that would be used by commercial trucks on Sweden's highways.
According to Just-Auto.com Victor Muller wasn't a fan of the Saab Griffin logo. The executive was quoted as saying he wanted to "abolish" the Griffin logo and return to the airplane emblem. Muller made it clear that if he'd had his way, the propeller would have replaced the Griffin across the Saab lineup long ago.
Volkswagen has dramatically cut its internal sales target for Western Europe for 2012. The estimate has been chopped by 140,000 vehicles according to Automotive News. In the report, Bernd Osterloh of VW is quoted telling German newspaper Handelsblatt, "The VW Group is tentatively selling more cars this year than last year. But that is correct that it will be somewhat less than what was originally planned."
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.
Scania, a Swedish producer of commercial-duty trucks and buses, is testing a rear-mounted spoiler that the company claims can boost fuel economy by as much as two percent on long-haul tractor-trailers. Dubbed the "boat-tail" spoiler, Scania believes that the simple addition of some permanently affixed metal extensions mounted to the rear of a trailer can increase the economy of semis without significant cost.
Sweden has latched on to ethanol as a fuel source more strongly than just about any other country except Brazil. Unlike the U.S. and Brazil, where corn and sugar cane, respectively, are the primary feedstocks, Sweden is using waste from its timber industry. Now, the Stockholm transit company Busslink is getting in on the action by ordering 85 new buses from Scania. The new people movers are ethanol fueled and will join 100 other such buses delivered by Scania to the city since the beginning of 2
"Sometimes your cards ain't worth a dime if you don't lay em down." The Grateful Dead couldn't have realize it at the time, but in the legal world of Mergers & Acquisitions, the lyrics to its cult classic song Truckin' may prove prophetic.
Ever get the impression that the person offering you something doesn't really want you to take it? Well imagine that idea on a multimillion-dollar scale, as Porsche has submitted its obligatory low-ball offer on Scania.
Scania has announced that, after 20 years of providing ethanol buses, the Swedish company (owned by Volkswagen) is going to sell ethanol trucks from the next model year onwards. The marque also announced agreements to build a network of fueling stations to make it easily available for small businesses to buy the biofuel. According to Scania's data, ethanol produced from sugarcane can reduce CO2 emissions by up to 90 percent compared to a regular diesel engine. Scania stated that it's betting on
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.