Volkswagen to control MAN

City A.M. Reporter
VOLKSWAGEN is set to gain full strategic and financial control over truckmaker MAN when it wields its 75 per cent stake to approve a vote at MAN’s annual shareholders’ meeting today.

Volkswagen has tabled a motion to “dominate” MAN and pool both companies’ cashflows, as Europe’s biggest carmaker eyes savings by integrating MAN more closely with its other truck brand, Scania of Sweden.