volkswagen News Updates

Business

VW's MAN to Sell Trucks With New Digital Features in 2017

BERLIN — Volkswagen division MAN will next year start selling heavy-duty commercial vehicles with new digital services to make its trucks more efficient, as VW looks to challenge rivals Daimler and Volvo AB.

September 20, 2016
Business

Watch Live: Daimler Press Conference From IAA

The IAA Commercial Vehicles Show kicks off in Hanover, Germany, on Sept. 20, with Daimler set to stream its announcement live at 2:15 p.m. EDT.

September 20, 2016
Business

Navistar, Volkswagen Agree on Strategic Alliance

Navistar International Corp. and Volkswagen AG’s truck unit announced a strategic alliance that includes a $256 million investment by the German vehicle maker in Navistar as well as planned joint development of powertrain, procurement and other collaborative efforts.

September 5, 2016
Business

Volkswagen AG Seeks $1.12 Billion Savings From MAN, Scania Integration

Volkswagen AG boosted its target for cost cuts at its trucks division to $1.12 billion (1 billion euros) as cooperation between its Scania and MAN units makes progress after years of tepid results.

May 26, 2016
Business

Volkswagen’s MAN Trucks Triples Tech Team as Big Rigs Go Online

Volkswagen AG’s truck unit MAN is nearly tripling the size of its digital division to add self-driving technology and make freight loading more efficient, seeking new sources of income as big rigs are increasingly linked via the Internet.

May 25, 2016
Business

VW Trucks Chief Open to IPO, Deals in Expansion Strategy

Volkswagen AG’s heavy-truck division is exploring options for growth that could include acquisitions and an initial public offering as it seeks to reap the benefits of more independence within its rapidly reorganizing parent company.

February 8, 2016
Business

Volkswagen AG CEO Martin Winterkorn Resigns After Emissions Scandal

Volkswagen AG CEO Martin Winterkorn, who during nearly a decade at the helm catapulted VW to the top spot in global sales, stepped down after admitting the automaker cheated on U.S. emissions tests.

September 23, 2015
Business

VW, Metzler to Sell LeasePlan Fleet Management Business for $4 Billion

Volkswagen AG and banker Friedrich von Metzler agreed to sell fleet-management company LeasePlan Corp. for 3.7 billion euros ($4 billion) to a group of investors including TDR Capital LLP.

July 23, 2015
Business

Andreas Renschler Begins Post as VW Trucks Chief

Andreas Renschler officially took over as head of Volkswagen’s truck division on Feb. 1, and he will spearhead a growth effort that could include an acquisition in the United States.

February 4, 2015
Business

VW Secures Backing to Complete Scania Bid, Bolster Heavy-Trucks Division

Volkswagen AG secured enough backing to move forward with its $9.2 billion bid for Scania AB, removing the last major obstacle to a nearly decadelong effort to forge an integrated heavy-trucks unit.

May 13, 2014