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Business - Germany - VW takes 15 percent stake in truckmaker MAN
Berlin,Germany -The Detroit News, by David McHugh/AP -Oct 04, 2006: -- Volkswagen AG, Europe's biggest automaker, said Wednesday that it has taken a 15 percent stake in truckmaker MAN AG and will use it to support cooperation between MAN and the Swedish truckmaker Scania AB... Earlier this month, Munich-based MAN made $12.2 billion hostile bid for Scania, in which Volkswagen already owns an 18.7 percent equity stake. Scania's management and Volkswagen have rejected the bid...
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