Tognum CEO says Daimler won't raise stake further

Newswire

FRANKFURT, April 30 (Reuters) - German heavy diesel engine maker Tognum's new major shareholder Daimler has no plans raise its stake beyond the targeted blocking minority stake, Tognum's chief executive told Reuters. "They are aiming for a blocking minority and do not want to buy any further shares," CEO Volker Heuer said in an interview. Heuer also confirmed Tognum's 2008 outlook. He declined to comment on the company's first-quarter business. "It is a good sign that Daimler is buying ...

Premium Content (PAID Subscription Required)

"Tognum CEO says Daimler won't raise stake further" 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.

Sponsored Introduction Continue on to (or wait seconds) ×