Volkswagen chief executive Bernd Pischetsrieder told Reuters on Wednesday that VW would keep its stake in Swedish truckmaker Scania.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The news agency said VW’s 34% voting stake in Scania was in focus on Tuesday when truck maker MAN said it would take a look if the stake were put up for sale, although MAN chief executive Hakan Samuelsson later made clear he did not want to buy the stake.
“To be clear, to avoid speculation, we have no interest in that stake because it’s not giving us any type of flexibility or freedom,” Samuelsson reportedly told analysts, adding: “But, of course, looking into industrial co-operations with Volkswagen or Scania – we would be willing to look into that if there was a corresponding interest from the other side.”
