VW Truck & Bus * Germany: Profit up
* Munich - Strong Europe, China sales, improvement in Brazil
Volkswagen AG’s truck and bus division expects a boost in profit this year on the back of stronger sales in Europe and China as well as a slight recovery in Brazil, company officials said Monday... The company also unveiled plans to offer a service for its customers and other partners which can digitally connect vehicles... Company plans to offer service connecting trucks to customers remotely digitally, creating ‘eco-system for trucks’ ... Volkswagen Truck & Bus just ended its first year as a standalone company, grouping Volkswagen’s utility vehicles operations and truck makers Scania and MAN. In its first year, the truck division generated €1.3 billion ($1.39 billion) in pretax profit, an increase of 27% from the previous year. Revenue rose 4% to €21.3 billion from sales of around 184,000 vehicles...
(PHOTO: BLOOMBERG NEWS: A Volkswagen-operated truck factory in Munich, Germany) -- Munich, Germany - The WSJ, by WILLIAM BOSTON - March 20, 2017
Labels: truckmakers news Germany