* Frankfurt - VW sets sights on US to keep on trucking
-- Volkswagen’s heavy-truck division is exploring options for growth that could include acquisitions and an initial public offering (IPO), as it seeks to reap the benefits of more independence within its rapidly reorganising parent company... Trucks chief Andreas Renschler said that the US, the only major market in which the unit had no significant presence, and China were regions for possible expansion. The strategy would challenge global industry leaders Daimler and Volvo, as well as smaller rivals in emerging markets... Truck models are considerably different in individual regions, so expansion in the US would probably involve an acquisition. Mr Renschler declined to comment on specific plans or targets... Unlike most of its passenger-car siblings, VW’s trucks unit is not dealing directly with fallout from the diesel-emissions scandal. Still, the crisis besetting the parent company triggered a management revamp and accelerated a push kick-started a year ago to give the car maker’s 12 brands more leeway to make their own choices, handing Mr Renschler, who previously held the same post at Daimler, more room to manoeuvre...
(Picture BLOOMBERG, by JOCHEN ECKEL - Volkswagen is looking to take advantage of synergies between its MAN, Scania and
own-name truck brands) -- Frankfurt, GERMANY - bdlive (S.A.), by CHRISTOPH RAUWALD - Feb 9 2016Labels: truckmakers news Germany
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