MAN AG is seeking E190 million ($167 million) for compensation relating to its purchase of British truck firm ERF in 2000. MAN bought ERF for E170 million ($149 million) from Canadian company Western Star, which DaimlerChrysler AG now owns. The amount MAN is seeking is to cover hidden losses in ERF’s accounts at the time of the sale, says a German news report. ERF fired two of its top executives last August for accounting irregularities. The ERF acquisition has pulled MAN’s truck ...
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