Volkswagen Group has submitted a formal application to the EU Commission for a merger with the heavy truck group MAN.
The Volkswagen Group said it ‘remains confident that the requisite regulatory clearances will be forthcoming in the second half of the year’.
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Regulatory authorities across the world have already approved the merger, including those in Germany, USA, Japan, Mexico, Turkey, Israel, Croatia, Albania, Montenegro and Macedonia, VW said .
Volkswagen hopes that the merger will create substantial synergies in the fields of procurement, development and production that can be realised through a closer cooperation of MAN, Scania and Volkswagen.
The aim is to create a consolidated VW heavy truck operation able to rival the Daimler and Volvo truck groups.
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