| 1:34 PM EST

VW: No Interest in Buying U.S. Truckmaker PACCAR

#Scania #europe #Navistar


Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Volkswagen AG has dismissed as "complete rubbish" reports that it may try to acquire American commercial truckmaker PACCAR Inc.

Wolfgang Bernhard, who heads Daimler AG's commercial truck and bus unit, told analysts on Wednesday that several sources told him VW plans to bid for PACCAR next year.

The commercial truck industry has speculated for months that VW intends to buy PACCAR or rival Navistar International in a bid to expand its truck operations into the American market. VW insists there is no such plan. CEO Martin Winterkorn said four months ago that VW will forego new acquisitions for now so it can focus on integrating its 12 brands.

PACCAR sells large commercial trucks under the DAF, Leyland, Kenworth and Peterbilt brands. VW, which controls Scania and MAN, hopes to overtake Daimler as Europe's largest commercial truckmaker.

Related Topics


  • How General Motors Develops World-Class Propulsion Systems

    Dan Nicholson is vice president of General Motors Global Propulsion Systems, the organization that had been “GM Powertrain” for 24 years.

  • Designing the 2019 Ram 1500

    Ram Truck chief exterior designer Joe Dehner talks about how they’ve developed the all-new pickup. “We’ve been building trucks for over 100 years,” he says. “Best I could come up with is that this is our 15th-generation truck.”  

  • Suzuki Refines Hayabusa Engine

    When Suzuki developed the GSX1300R, it set out to build the fastest mass-production motorcycle on the market. As competitors gained ground and stringent emission regulations were set, Suzuki set out to reinvent the bike.