Scania major shareholder, Investor, is keen to decide the fate of the Swedish truck company by autumn 2008 at the latest, according to chief executive, Börje Ekholm.
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Handelsblatt online reported that Ekholm is continuing to seek a merger with MAN and Volkswagen. He would not, however, give any concrete timings.
“I cannot say if it will take six, 12 or 18 months,” he said.
He did say however, that if the process took too long it would have a negative impact on the companies involved, adding that “it should not take too long to be able to work out if a solution is possible or not.”
Separately the German financial newspaper Frankfurter Allgemeine Zeitung, reported that Ferdinand Piëch, head of the Volkswagen supervisory board, may be seeking a similar position on the MAN supervisory board.
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By GlobalDataAt MAN’s annual general meeting, VW will assume at least two board seats. The newspaper reported that some current board members expect Piëch to put himself up for nomination as chairman.
Volkswagen is currently the largest shareholder in MAN, with around 15% of the shares.
