Volkswagen pulls truck unit IPO in setback to CEO's revamp

Business Mar 14, 2019

Volkswagen pulls truck unit IPO in setback to CEO's revamp

Volkswagen AG canceled plans to sell a share of its Traton SE division due to weak market conditions, dealing a setback to the automaker's plan to generate fresh funds for the heavy-truck unit's expansion outside Europe. "We regret that we have to refrain from a ...

Business / Corporate Apr 24, 2018

Volvo Trucks to share electric battery technology across brands

Volvo Trucks plans to share battery technology across its brands to tame development and production costs for the crucial but expensive component. As automakers face growing costs to develop lower-emission vehicles and automated driving capabilities, Volvo Trucks, owned by Sweden's Volvo AB, said Monday it ...