The VAG group wants 55,9% of MAN

The Germans didn't quit on the idea to rule the world(at least the automobiles world).Volkswagen just added one more name on the list of brands own-MAN.About the VAG group most of us know that is the parent company for VW,Audi,Skoda,Seat,Lamborghini,Bentley and Bugatti.But VAG is also a major player in the commercial vehicles sector and the European trucks sector.The German group owns almost 75% of Scania and a part of MAN.Recently VAG showed its interest in rising the percent of shares owned at MAN SE from 30,5% to 55,9%.The officials wait for the approval from the European authorities.If the increase of the VAG group at MAN will be approved than the German company will become the main trucks manufacturer in Europe.

MAN and Scania own now 30% of the market sales while Volvo - Mack - Renault and Daimler (Freightliner, Mitsubishi Fuso, Thomas, Sterling şi Mercedes-Benz) own each 21% of the market.