Volkswagen aims to control and profit with MAN
Another step towards an integrated commercial vehicle group
The goal is to increase and simplify collaboration in the commercial vehicle business
Wolfsburg 09th, January 2013 - Volkswagen is seeking to enter into a domination and profit transfer agreement with MAN SE and is to hold discussions with the Board. The planned step is a further milestone on the way towards an integrated commercial vehicle group.
By entering into a domination and profit to increase and simplify collaboration between Volkswagen and MAN possible and thus the competitiveness of both companies rose. Volkswagen currently holds 75.03 percent of the voting rights in MAN SE. Volkswagen had always stressed to pursue the creation of an integrated commercial vehicle group active and for this purpose to keep all options open.
The Volkswagen Group also reiterated that the business of keeping the MAN brand-specific properties and business in the Volkswagen Group will be continued with a control and profit. Volkswagen also respected course worker rights fully and firmly committed to MAN and their employees.
The goal is to take the necessary steps to complete the domination and profit quickly initiate. For further details will inform the company.