>>> Volkswagen split-up of MAN could pave way for selling diesel motor business

Volkswagen split-up of MAN could pave way for selling diesel motor business 

Volkswagen (VW), the listed German vehicle maker, has decided to split its subsidiary MAN in a move that may pave the way for a partial sale, Boersen-Zeitung reported.

The German-language daily cited unidentified sources as saying that a sale of the highly profitable diesel motor business may be in the works. They said the planned separation of commercial vehicle and motor operations could be a preparation for such a divestment.

According to unconfirmed information in the report, Volkswagen is splitting up MAN, its truck and machine group, transferring its truck and bus production into a holding founded by VW, named Truck & Bus. Meanwhile, the diesel motor business and the engine maker Renk will find a new home under the roof of the VW group, according to the information in the report.

Under the umbrella of Truck & Bus, VW intends to gather together its truck making brands MAN and Scania, according to the report.


Boersen-Zeitung