Scania net soars as demand rises for heavy trucks

Article Abstract:

First-quarter net profit for truck manufacturer Scania AB rose 44% to $312.5 mil, with sales increasing by 11% and stocks by 4.8%. Results were driven by strong demand in Central and Eastern Europe. Company officials however had no comment regarding a possible merger with Maschinenfabrik Augsburg-Nurnberg (MAN) AG.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit, Financial report

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VW's stalled plan to combine truck businesses may help rivals

Article Abstract:

The plan to merge the heavy-truck businesses of Volkswagen AG, Scania AB, and MAN AG is expected to take some time, possibly giving a competitive edge to rivals that are consolidating at a faster pace. If successful, the alliance would possess the biggest market share of buses and trucks in Europe.

Volkswagen AG, SCV B

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