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POAHY Porsche Automobile Holding SE (PK)

4.70
0.01 (0.21%)
15 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Porsche Automobile Holding SE (PK) USOTC:POAHY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.01 0.21% 4.70 4.65 4.75 4.71 4.67 4.69 418,270 21:20:00

MAN SE, Volkswagen Plan To Jointly Develop Light Truck Range

16/03/2011 9:35am

Dow Jones News


Porsche Automobile (PK) (USOTC:POAHY)
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German truck maker MAN SE (MAN.XE) and its major shareholder Volkswagen AG (VOW.XE) plan to cooperate on the making of a new range of light trucks, a spokesman for MAN said Wednesday, confirming a report in domestic newspaper Hannoversche Allgemeine Zeitung.

He added the company is considering a module building system.

The report said the talks about trucks between 3.5 metric tons and 7.5 tons are well advanced, but Volkswagen is keeping its options open.

Volkswagen holds nearly 30% of MAN and aims to merge MAN with its truck unit Scania AB (SCA-V.SK), to benefit from synergies.

-By Nico Schmidt, Dow Jones Newswires, +49 69 29 725 500, nico.schmidt@dowjones.com

 
 

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