Volkswagen’s supervisory board is today considering a plan to reorganize its truck business, merging its MAN and Scania brands into a single holding.
The company has been thinking about the move for some time.
Now, four weeks after Andreas Renschler took up his position as head of VW’s truck division, the former Daimler manager will defend the plan before VW’s supervisory board.
Mr. Renschler favors creating a holding company that would be managed independently of VW’s passenger car business, Europe’s largest.
The move would see the truck subsidiaries MAN, Scania and the VW commercial vehicle arm hived off from car manufacturing.
The new company should be made ready “for the capital market and for takeovers,” according to sources close to the VW group.