NINGBO RUICAN is a Trailer Hook,Trailer Hook Car,Hitch Trailer Hook Factory. Ruican is professional for Trailer Hook,Trailer Hook Car,Hitch Trailer Hook,Utility Trailer Hooks.
Trailer Hook,Trailer Hook Car,Hitch Trailer Hook,Utility Trailer Hooks NINGBO CITY YINZHOU RUICAN MACHINERY CO.,LTD , https://www.ruicanmach.com
The German heavy-duty truck and machinery manufacturing group MAN announced yesterday that it has bought a call option for Sweden’s heavy-duty truck group Scania to secure more than 20% of the company’s voting shares. . To date, the MAN Group has held 13,3% of the shares in Scania and 17,22% of the voting shares. MAN Group subsequently stated that the Group's increase in shares in Scania was aimed at long-term strategic investments.
However, industry insiders believe that the MAN Group's move is intended to integrate the heavy-duty truck business with the approval of its major shareholder, Volkswagen, and is in essence a step in Volkswagen’s strategy to achieve its global Lkw-Bund strategy. On the 15th of this month, Volkswagen just sold its Volkswagen Truck Bus business in Brazil to MAN Group for 1.175 billion Euros. This acquisition is also regarded by the industry as a big strategy of Volkswagen Global Heavy Truck Auto Union. The key move in the game is that it complements the increase in the holding of Scania shares by the MAN Group. At present, Volkswagen holds approximately 30% of MAN Group, and is the largest single shareholder of MAN Group.
At the beginning of this year, due to the obstruction of the large shareholder of Scania in Sweden and the Wallenberg family of big chaebols, the MAN Group's long-lasting merger and acquisition plan for the company eventually fell short. After the MAN Group withdrew from the acquisition, the acquisition of the Scania Company was started immediately after the chairman of the Volkswagen Supervisory Board and the old skin of the Porsche family (Ferdinand Pi?ch), and in early March of this year. Successfully purchased the shares of Scania from the Wallenberg family and the Investor AB investment company for 2.9 billion euros, which in turn increased its holding of Scania's shares to 37.7% and the voting shares increased to 68.6%. Volkswagen had previously held 18.7% of Scania's shares and 36% of voting shares.
If the heavy-duty truck business of Volkswagen, MAN Group and Scania of Sweden is successfully merged, the scale of the new global heavy-duty truck auto alliance will exceed Germany's Daimler and Sweden Volvo, becoming the overlord of the world's heavy-duty truck market. Obviously, the real promoters and behind-the-scenes operators of this plan are old skins. According to the old skin, Volkswagen will only produce low-priced heavy-duty trucks under the global heavy-duty truck alliance. The MAN Group will focus on the production of mid-to-high-end heavy-duty trucks, while Scania will develop a high-end heavy-duty truck market with promising earnings prospects.
According to industry estimates, the next step is that Volkswagen will transfer its own Scania shares once again to MAN Group, and then will fully acquire MAN Group, so Volkswagen's global heavy truck car alliance can be completed. However, industry insiders predict that due to the full proliferation of the financial crisis, it is still a long and arduous process for Volkswagen to achieve its global heavy truck car alliance. In addition, people in the industry have been skeptical about whether Scania will shake hands with the MAN Group and say it is too late. 