MAN targets growth through cooperation

LinkedIn +

Truck maker MAN is focusing on cooperation with partners to drive internationalisation and growth.

Georg Pachta-Reyhofen, chief executive of MAN SE said: “We will not be taking this job on alone. Instead, we will be combining our know-how with our partners to be in a more powerful position together. MAN and Scania are the right partners for the challenges that new technologies, like hybrid technology, bring.

“That is why we are in talks with Scania about various ways of cooperating closely through to a combination. We will ensure that the interests of MAN, its shareholders and the 48,000 employees are fully represented.”

MAN’s commercial vehicle sales rose 36 per cent to 10.6bn euros in 2010 – with the total number of units up from 82,600 to 126,300. The Commercial Vehicles business area posted an operating profit of 528m euros – a return on sales of five per cent (0.7 per cent last year).

The group expects the economic recovery to continue in 2011. The Commercial Vehicles business area is aiming for revenue growth of between 10 and 15 per cent. a

Share this story: