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TRUCKMAKERS NEWS * Scania / VW / Volvo
* Sweden - Truck maker’s PLM model a focus in Volkswagen’s war over ownership
Stockholm,Sweden -Engineering -March 19, 2014: -- Can a great product realization system and PLM boost the share value of truck maker Scania? This question arises from the ongoing tug of war over the ownership of this OMX NASDAQ listed company... Currently the German automotive giant Volkswagen Group and its subsidiary truck manufacturer MAN holds 60-70% of Scania's shares. Now VW have offered to buy the remaining stock at approximately $ 31 per share... Scania struck an independent committee to evaluate the offer. Today, the Committee announced that, "The bid does not reflect Scania's long-term value"... One of the crucial factors in the committee's assessment is Scania's production development model, considered by many to be "world class". Scania trucks are of high quality and produced under a lean- and modular production system inspired by Toyota. This system is a leader in the heavy truck industry...
* Sweden - Cevian says Scania VW merger will help Volvo lift profits
Stockholm,Sweden -Bloomberg News, by By Veronica Ek / Niklas Magnusson /James Ludden and Chad Thomas -March 19, 2014: -- Volkswagen AG planned $9.3 billion takeover of truckmaker Scania AB may help rival Volvo AB reach targets set by activist shareholder Cevian Capital AB... Volvo’s second-largest shareholder has been lobbying the Swedish truckmaker to streamline operations and boost margins that lag behind those of other truckmakers. A combination between Scania and VW-controlled MAN SE could be a boon for Volvo, and help the company gain market share, Cevian Chief Executive Officer Christer Gardell said... VW offered 6.7 billion euros on Feb. 21 for the shares in Scania it doesn’t already own to create a global heavy-trucks unit that can compete with industry leaders Daimler AG and Volvo. The latter is reducing white-collar headcount and research and development costs to reach its target of giving its truck, construction-equipment and bus units the highest operating margins in their segments... With about 9.5 billion euros in assets under management, Cevian holds stakes in companies such as U.K. security services firm G4S Plc, German steelmaker ThyssenKrupp AG, and Danske Bank A/S., it held 11 percent of the voting rights in Volvo as of Dec. 30 last year, according to information on the truckmaker’s website... Cevian now controls 10 percent to 15 percent of the votes, declining to specify the exact amount...
* Sweden - Volvo truck deliveries jump 28 percent year on year in Feb
Stockholm,Sweden -Reuters, by David Holmes -20 March 2014: -- World number two truck maker Volvo said on Thursday shipments of its trucks rose 28 percent year-on-year in February, topping market expectations... The mean forecast in a Reuters poll of analysts was for deliveries to rise 19 percent rise... Volvo, which sells trucks under the Renault, Mack and UD Trucks brands as well as its own name, said shipments in its top market, Europe, rose 14 percent while they climbed 55 percent in North America... Deliveries in February were up 32 percent in South America while they were rose 32 percent in Asia...
Labels: truckmakers news Sweden
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