STOCKHOLM — Volkswagen AG's US$1.6 billion purchase of 34% of Swedish truckmaker Scania AB is a coup for investment company and Scania-owner Investor AB, coming just shortly after the European Commission said no to a merger between Scania and rival AB Volvo. Volvo was prepared to pay US$36 a share for Scania, when Scania's stock price was at US$29. VW's offer was US$42.53 a share. Sources say Investor management was extremely dissatisfied with Volvo Chief Executive Leif Johansson's ...
Premium Content (PAID Subscription Required)
"Printer-friendly" 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:
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!
Current subscribers, please login or CLICK for support information.