Scania CEO speaks on Vokswagen takeover

Following last week’s announcement that Volkswagen AG (VW) has sealed a deal giving it over 90% of the shares in Scania, Scania’s President and CEO, Martin Lundstedt, made the following statement: ‘Volkswagen has been our main owner since 2000 and has consistently given strong support to Scania’s strategies, business model and investments. Following the clarification of the ownership structure, Scania and its management team welcomes the opportunity to accelerate our cooperation projects with Volkswagen and MAN without restrictions and thereby create a successful, global commercial vehicle alliance with strong identities for each brand.’

‘With the new opportunities to use the common resources and competencies in the Volkswagen Group, our ability to deliver profitable and sustainable solutions to our customers will be improved further. This will also support our growth strategy up to 2020. At Scania we will continue to develop our position as a centre of excellence for commercial vehicles, services and solutions going forward. I am also convinced that all of our employees will benefit from becoming full members of the Volkswagen family.’