VW Takes Stake in Truck Maker Based in Munich
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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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BERLIN -- DaimlerChrysler AG said Friday it sold a third of its stake in EADS, the parent company of planemaker Airbus, to a private investment group in a deal that will maintain the balance between German and ...Comment
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German carmaker Volkswagen AG will begin assembling heavy trucks in the United Arab Emirates beginning in 2006, a spokesman said Monday.
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DaimlerChrysler AG (DCXGn.DE) is  considering taking a minority stake in General Motors Corp.   as payment for Chrysler if a deal between the two  automakers takes place, the Financial Times said on Monday.
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German industrial conglomerate MAN AG   bid 9.6 billion euros ($12.2 billion) in cash and stock for   Sweden's Scania AB in a deal that would create Europe's largest   truckmaker.
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German carmaker BMW  has  transferred its 50 percent stake in Brazilian engine joint  venture Tritec Motors Limitada to DaimlerChrysler&#39;s (DCXGn.DE)  Chrysler Group division, BMW said on Thursday.
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Volkswagen (VW), Europe's biggest car maker, said it had sold a total 5.079 million cars worldwide last year, 1.3 percent more than in 2003.
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Volkswagen, Europe's largest carmaker, becomes the latest German firm to try and update controversial labour agreements.
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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.
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The three largest shareholders in MAN sold their 25 percent stake in the German machinery and vehicle maker on Wednesday for EUR1 billion, marking a further step in the disentangling of Germany Inc., the ...
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Bernd Pischetsrieder, the outgoing chairman of German car giant Volkswagen, has been entrusted with finding a solution to the bitter takeover battle between Swedish and German truck makers Scania and MAN, a VW spokeswoman said.
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Volkswagen ,  Europe's biggest carmaker, has no interest in acquiring  DaimlerChrysler's (DCXGn.DE) loss-making U.S. arm Chrysler or  expanding cooperation accords, a VW spokeswoman said on Friday.
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German-U.S. automaker DaimlerChrysler AG said Monday it has sold its 10.5 percent stake in South Korea's Hyundai Motors Co., a move that it expects will raise more than $900 million.
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German industrial conglomerate MAN AG   MANG.DE bid 9.6 billion euros ($12.2 billion) in cash and   stock for Sweden's Scania AB SCVb.ST in a deal that would   create Europe's largest truck maker.
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German truckmaker Man launches a 9.6bn euros takeover bid for Swedish rival Scania.
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Germany, with its high costs, reluctant consumers and restive auto workers, has become a major drag on the country's two largest carmakers, DaimlerChrysler and Volkswagen, which both reported mixed earnings on ...
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German carmaker DaimlerChrysler AG said Monday it has sold its 10.5 percent stake in South Korea's Hyundai Motors Co.