Volkswagen Sells Heavy Truck Business In Brazil To Man

[2008-12-23 17:05:19]

With the sale of VW CO, the Volkswagen Group is focusing its involvement in the truck business on its existing shareholdings in MAN and Scania and on its own business with light commercial vehicles which is not affected by this transaction. VW CO produces trucks and buses designed for use in developing countries and has become the largest truck maker in Brazil since it was established in 1981. In the 2007 financial year, the fast growing company, with 5,000 employees working in Resende and at partner suppliers, built approximately 47,000 vehicles exported to over 30 countries. The product portfolio comprises medium- and heavy-duty trucks as well as urban buses and long-distance coaches.

Source: The Auto Channel
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