Deals
VW's Truck Unit Gears Up for Global Push With Alliances, M&A
- ‘Keeping all options open’ is part of stategy: Renschler
- Plans to lift profitability to 9% margin remain in place
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Volkswagen AG’s truck unit is pushing to reduce its dependence on its main European market and lift profit margins in a challenge to commercial-vehicle industry leaders Daimler AG and Volvo AB.
Future moves could include both acquisitions and entering more alliances, the unit’s head Andreas Renschler told reporters on Tuesday at the biannual international truck show in Hanover, Germany. VW’s commercial-vehicles division, named Traton AG, so far lacks the geographic reach of its two larger peers, with its U.S. presence limited to a stake in Navistar International Corp.