VW Components Group Contributions to MEB
Volkswagen plants are getting ready for ID.3 production—as well as that of the subsequent EVs
Gary S. Vasilash
Editor-in-Chief, AutoBeat Group
Toyota, Hino Partner on Fuel Cell Truck
Truck tests accelerate, while car sales continue to flounder
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.
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.
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.
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.
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.
VW and CNG
Electric cars are coming. CNG cars are here right now.
Gary S. Vasilash
Editor-in-Chief, AutoBeat Group
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.
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.
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.
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.
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.
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.
TRATON: What’s in a Name?
As of today, the company previously known as “Volkswagen Truck & Bus,” which encompasses the vehicle brands MAN, Scania, Volkswagen Caminhões e Ônibus, and RIO, which had global sales in 2017 of 205,000 light-duty commercial vehicles, trucks and buses, is now known as TRATON AG.
Gary S. Vasilash
Editor-in-Chief, AutoBeat Group
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.
VW Truck & Bus Group Renamed Traton
Volkswagen AG’s Truck & Bus subsidiary has been renamed Traton AG.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
