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Scania, VW Key to Commercial Truck Growth

June 9, 2014 - General

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Scania's first truck dating from 1902. It carried 1.5 tons of cargo and was equipped with a 2-cylinder, 12-horsepower engine placed under the driver's seat. Top speed was 12 km/h.

Last month, Volkswagen, which already controlled more than 89% of the voting rights in the Swedish truck maker Scania, made a 6.7 billion euro ($9.2 billion) takeover bid. VW's goal is to combine Scania with its Volkswagen Commercial Vehicles business and the German truck maker MAN. VW gained full control of MAN last year after taking a majority stake in 2011. This is a big step in the German automaker's plan to create a massive trucks alliance to compete in global markets against rivals Volvo and Daimler – both of which have U.S. truck operations as well. Read more about Scania here.

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