Corporate
Profile
MAN is a renowned German engineering company that specializes in manufacturing commercial vehicles, engines, and industrial equipment. With its headquarters in Munich, the company operates globally, serving customers in the transportation, logistics, and construction sectors.
MAN's product portfolio includes trucks, buses, and coaches, as well as diesel and gas engines for various applications. The company is committed to sustainability and has been actively developing electric and hybrid solutions to reduce emissions and promote environmentally friendly transportation.
Position
Response To Aggression
Traton, the truck division of Volkswagen, announced that its subsidiaries, MAN Truck & Bus and Scania, are selling their sales companies in Russia to local partners. Additionally, Scania is divesting its Russian financing business. These asset disposals will result in a loss of 550 million euros for Traton. The transactions are subject to regulatory approval and are anticipated to be finalized by the first quarter of 2023.
Corporate
Statements
Traton sells some assets in Russia, incurs 550 million euro loss
September 13, 2022
MAN helps
March 17, 2022
Trending
Companies
