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Jan 26, 2015

* Germany - Volkswagen AG could be planning truck division spin off

*Truckmakers news 
-- The report cited internal sources from within the company, albeit with the usual anonymity mark as the executives are not allowed to discuss with the media a yet to be announced move. Besides the spin off that would bring a separate listing, the truck business might also get another headquarter location – in Frankfurt – to further establish its independence. Manager Magazin further hinted that the new trucks holding company would be devised with the possibility of an easy stock exchange listing option if the parent company decided it needed to raise cash quickly... The VW-branded light commercial-vehicle unit has been on an integration quest for years together with Swedish truck maker Scania and German MAN SE as the group sought higher synergies from the different trucks businesses, with the latest move last year being the hiring of ex-Daimler manager Andreas Renschler... Wolfsburg,Germany -Reuters/In Auto News -22 Jan 2015

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