STOCKHOLM — AB Volvo rules out a hostile bid for fellow-truckmaker, Scania AB, hoping for at least a collaboration with the company, instead. But Scania continues to reject a tie with its main competitor. Volvo, which recently increased its share of Scania from 12.85% to 20.3% of voting rights and 21.6% of capital, says it would like to cooperate on a medium-range truck since a merger appears impossible. The cooperation, which Volvo says would save US$118 million in three years, would be ...

Premium Content (PAID Subscription Required)

"Volvo backs out as Scania balks" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.