MAN does not expect any antitrust difficulties to arise from its acquisition by Volkswagen, the truckmaker’s chief executive has said.

“We are very confident,” he told Reuters. Despite leading indicators pointing to a slowdown in global economic activity, Pachta-Reyhofen said MAN still was enjoying a continued boom.

“The upswing is continuing undiminished,” he said. “New orders remain excellent just as before.”

Volkswagen last week said it had clinched a 55.9% stake in MAN, its second major industry holding after Swedish truckmaker Scania, the news agency noted.

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