Volkswagen chief nominated chairman of Scania
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Volkswagen's new chief executive Martin Winterkorn has been nominated as chairman of Swedish truck maker Scania in a new phase in the plans for a three-way tie-up with German group MAN, Scania said Tuesday.
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Former Volkswagen AG personnel chief Peter Hartz will go on trial next month on charges linked to a corruption scandal at Europe's biggest automaker, a court said Monday.Comment
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German sports car maker Porsche  (PSHG_p.DE) aims to raise its stake in German car maker  Volkswagen (VW)  to 51 percent, the German current  affairs weekly Der Spiegel reported.
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Chrysler LLC on Thursday named longtime  Toyota Motor Corp executive Jim Press as vice-chairman and  president, a move analysts said showed Chrysler&#39;s new private  owners were serious about a longer-term turnaround plan for the  struggling automaker.
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German industrial conglomerate MAN says its supervisory board is scheduled to meet this weekend to discuss a possible offer for Swedish truck maker Scania.
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The German automaker Volkswagen named Stefan Jacoby, left, as president and chief executive of Volkswagen of America, the company said. Mr. Jacoby, currently executive vice president for marketing and sales with the companyâs Volkswagen Group, succeeds Frank Witter, who is moving to Volkswagen Credit to become co-president with Kevin Kelly, Volkswagen said. It added that Mr. Jacoby, 49, would reorganize the automotive business in the United States âin close coordination with the board of management.â It said in a statement that âthe objective is to achieve further significant expansion in the position of Volkswagen and Audi on the U.S. market through attractive and competitive products.â.
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Volkwagen  brand group chief Wolfgang Bernhard has met with DaimlerChrysler  head Dieter Zetsche to discuss his possible return to DaimlerChrysler, German magazine Automobilwoche said on Saturday.
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Volkswagen  bought a 15.06 percent stake in German truckmaker MAN AG , it said on Wednesday, underscoring its intentions to build a three-way truck alliance between VW, MAN and Swedish rival Scania  .
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Dr. Wolfgang Bernhard is to be appointed a full member of the Board of Management of Volkswagen AG - initially without portfolio - with effect from 1 February 2005.
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The head of Volkswagen's Bugatti division, which builds one of the world's most powerful and exclusive sports cars, is to stand down, according to a report in Der Spiegel to be published Sunday.
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German-US auto maker DaimlerChrysler said Tuesday that it had chosen EADS co-chairman Manfred Bischoff as its new supervisory board chief.
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The German industrial group MAN has said it was interested in a tie-up with Swedish truck maker Scania amid speculation that it might be preparing a takeover bid.
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Volkswagen, Europe's leading auto maker, shifted up a gear Wednesday in its drive to engineer a three-way trucks merger between itself, MAN and Scania, by raising its stakes in both the German and Swedish truck makers.
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Shares in MAN, the German industrial conglomerate, were among the biggest gainers on the stock exchange here amid speculation it is about to announce a bid for Swedish truck maker Scania.
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VW bought a 15 percent stake in MAN as part of an effort to form a three-way alliance with the truck maker and Scania of Sweden.
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Germany's MAN AG is planning a more   attractive bid to win over resistant shareholders of Swedish   truckmaker Scania SCVb.ST, the Wall Street Journal on Friday   quoted MAN Chief Executive Hakan Samuelsson as saying.
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Volkswagenâs chairman, Ferdinand Piech, may join the board of the truck maker MAN, of which Volkswagen owns a 29.9 percent stake, MAN said. Mr. Piech, along with an executive with Volkswagenâs truck division, Stephan Schaller, will be among those directors whom shareholders will vote on during the May 10 annual meeting, MAN said. Mr. Piech, above, and Mr. Schaller would join Rupert Stadler, an executive with Volkswagenâs Audi subsidiary. Volkswagen has been pushing for an alliance formed of itself, MAN and Sania, another truck maker.