Volkswagen moving MAN and Scania into an integrated commercial vehicles group
06 May 2015
Volkswagen is moving MAN and Scania into an integrated commercial vehicles group and thus putting in place a structured framework for business with mid-sized and heavy trucks and buses. Truck & Bus GmbH is the new Volkswagen Group holding for the MAN und Scania commercial vehicle brands. Shares in Scania AB held by Volkswagen AG will be transferred to Truck & Bus GmbH. The wholly-owned Volkswagen subsidiary already holds 75.28% of the voting rights in MAN SE.
Truck & Bus GmbH will establish processes specific to the commercial vehicles business, thus leveraging the full synergy potential between the brands. The company will be led by Andreas Renschler, member of the Board of Management of Volkswagen AG. The Supervisory Board, composed on a parity basis, will be chaired by Prof. Dr. Martin Winterkorn, CEO of Volkswagen AG.
As a manufacturer of light commercial vehicles, Volkswagen Commercial Vehicles will also form part of the integrated commercial vehicles group and will report to Andreas Renschler; furthermore, the brand will continue to maintain close ties with the Volkswagen Passenger Cars brand where the synergies mainly lie.
MAN and Scania are strong, successful brands with a global reputation. Our clear objective is to become a global champion in trucks and buses, too, and together with the workforce to take this business to the top of the industry.
—Dr. Martin Winterkorn
Truck & Bus GmbH will steer and coordinate cooperation among the three commercial vehicle companies MAN Truck & Bus AG, MAN Latin America and Scania AB.
The CEOs of MAN Truck & Bus AG, MAN Latin America Ltda. and Scania AB will be represented in the management of Truck & Bus GmbH. The aim is to coordinate strategy, development, human resources, purchasing and other issues across the brands. This will lead to closer networking among the brands, shorter decision-making paths and swifter implementation.
Our goal is to take the commercial vehicles holding to the top of our industry in terms of profitability, technologies and, above all, customer satisfaction. Bringing together our commercial vehicle brands under one roof means we can focus more strongly on the needs of the truck and bus business and can therefore accelerate the decision-making process. In so doing, the MAN and Scania brands retain their independence, in line with Volkswagen’s basic principle.
—Andreas Renschler
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The Chairman of the Group Works Council at Volkswagen, Bernd Osterloh, will become a member of the supervisory board of Truck & Bus GmbH. He will be joined on the controlling body of the integrated commercial vehicles group by one further employee representative from Volkswagen and two employee representatives each from MAN and Scania.
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