#SCANIA

Fuel Cells

Toyota, Hino Partner on Fuel Cell Truck

Truck tests accelerate, while car sales continue to flounder

Business

Traton to Invest €1 billion in Next-Gen Truck Tech

  Volkswagen AG’s Traton commercial truck unit plans to spend €1 billion ($1.1 billion) over the next five years on advanced research and development.

Economics

Traton Shares Stall on Opening Day of Trading

Shares in Volkswagen Group’s Traton commercial truck unit debuted on the Frankfurt exchange at their placement price of €27 ($30.71) today, closing at €26.49.

Propulsion

Skoda Readies 2 CNG Cars

Volkswagen AG’s Skoda unit is introducing variants of the Kamiq hatchback and Scala crossover vehicle modified to run on compressed natural gas.  

Economics

VW Targets €1.9 Billion in Traton Truck IPO

Volkswagen AG says it hopes to raise nearly €1.9 billion ($2.1 billion) by selling 10% of its Traton AG commercial truck unit in an initial public offering that begins on Monday.

Economics

Report: VW May Launch Traton Truck IPO Next Week

Volkswagen AG could launch an initial public offering next week for a smaller-than-expected portion its Traton AG commercial truck unit.

Production

Scania to Spend $344 Million on Truck Plant in Brazil

Volkswagen Group’s Scania commercial truck unit says it will spend 1.4 billion reais ($346 million) to update its commercial truck plant outside Sao Paulo, Brazil.

Business

Report: VW May Sell MAN Large Diesel Unit

Volkswagen Group is testing buyer interest in its MAN Energy Solutions unit, which makes large diesels for ships and stationary power generators.

Sales

VW Group Sales Fall 4%

Volkswagen Group blames China’s slumping market for its 4% drop to 998,900 passenger and commercial vehicle sales in March.

Economics

VW Postpones IPO for Traton Truck Unit

Volkswagen AG says it is postponing a planned initial public offering for its Traton commercial truck business, citing unfavorable market conditions.

Business

Report: VW Seeks Swedish Investors for Traton Truck IPO

Volkswagen AG is pursuing several Swedish investment funds to become founding shareholders of Traton AG, the commercial truck company it plans to list in April, sources tell Reuters.

Fuel Cells

Scania Partners on Fuel Cell-Powered Garbage Truck

Volkswagen Group’s Scania truck unit is working with Powercell Sweden, Renova Group, truck body manufacturer JOAB and Sweden’s Royal Institute of Technology to develop and test a prototype fuel cell-powered refuse truck.

Economics

Report: VW Ponders Advisors for Commercial Truck IPO

Volkswagen AG reportedly is poised to hire several banks to help its launch an initial public offering for its Traton commercial truck and bus unit.

Business

VW Truck & Bus Group Renamed Traton

Volkswagen AG’s Truck & Bus subsidiary has been renamed Traton AG.

Sales

Volkswagen’s Sales Climb 11%

Volkswagen Group reports that its global new-vehicle deliveries rose 11% to 908,200 units in July, led by a 24% increase to 408,300 units in Europe.

Business

Dana to Buy Swiss Driveline Business

Dana Inc. has agreed to buy the Drive Systems segment of Switzerland’s Oerlikon Group for 600 million francs ($600 million).

Business

New Name for VW’s Truck and Bus Business: Traton Group

Volkswagen AG will implement a new name—Traton Group—for its commercial truck and bus operations within the next three months.

Production

Four Carmakers in Talks with Kenya’s Local Assembler Simba Corp.

Kenya’s closely held Simba Corp. tells Bloomberg News it is in talks with four carmakers about assembling their vehicles locally.

Business

Report: VW Near Decision on IPO for Truck & Bus Business

Volkswagen Group’s supervisory board could approve plans by May 2 to launch an initial public offering for its Truck & Bus unit next year, sources tell Reuters.

Business

VW Ponders More Independence for Heavy Truck Unit

Volkswagen AG is studying options that could lead to an initial public offering for its heavy commercial truck operations, sources tell Bloomberg News.

Sales

UPDATE: Renault-Nissan-Mitsubishi Alliance Outsells VW Group

Volkswagen AG has been surpassed as the world’s top seller of passenger vehicles by the Renault-Nissan-Mitsubishi alliance.

Production

Scania Agrees to Invest €10 Million in Swedish Battery Factory

Commercial truckmaker Scania AB says it will invest €10 million ($12 million) in a plan to erect a giant factory in Sweden to make “green” lithium-ion battery cells for electric vehicles.

Hybrid

VW Launches €1.4 Billion Electric Truck, Bus Program

Volkswagen AG’s truck and bus unit will spend €1.4 billion ($1.7 billion) over the next two years to broaden its array of “green” powertrains and other technologies for commercial trucks and buses.

Regulations

EU Fines Scania €880 Million for Price Fixing

The EU has fined Volkswagen AG’s Scania commercial truck unit €880 million ($1 billion) for participating in a 14-year-long cartel that fixed prices on emission control systems.