Search
This is the case of the debt of some StatesOne thing is certain A page is turned in the sectorAt the same time the Insee announced a decline of 0CNRS more upstreamCritics eventually wear In a few years rates are increased from 2221 points Friday against an earlier history of 11As you can see we are open to partnershipsThe unsuccessful will be many including in the ranks of the French banksPas question to darken our future by giving the IMF saidDesign agencies themselves integrate these methodsCandidate to the acquisition of Swedish Scania, the German group MAN not said its last word. Because of stock assaults in recent years, ownership of the Swedish truck manufacturer is in the middle of a beautiful Web: Scania is since a few months held by the Group Volkswagen (68 of the voting rights) and as a second large shareholder MAN (18), which is itself controlled up to 30 by Volkswagen. Or, if it could seem a time interested in the idea of playing the unifying in the heavy weight to constitute a large pole germano-suédois, everything changed since he himself became a subsidiary of Porsche simple best known for his car 911 for its appetite for Diesel truck and bus engines is...
"The current situation has no meaning." "We remain convinced that it will something happen," said a spokesman for MAN, as a prelude to the show in Hanover, the track of heavy weight in Europe, which opens tomorrow in the general public. The Bavarian group is more than ever "interested to take part in the timeline which looks."
His preferred idea would be that of a team MAN-Scania, a new company still traded, for example in Frankfurt, and which would become the vast empire Volkswagen truck pole. In a such scheme, the legal modalities remain to refine, the operational would be MAN, more qualified than the Auto Group vehicles of more than 6 tonnes. Such discussions would take place between MAN and VW, Ferdinand Piëch, Chairman of the Supervisory Board of Volkswagen, is apparently not immune to the arguments of the Swedish MAN boss, Hakan Samuelsson.
A cyclical sector
So far, aside from a marginal to the Brazil, activity in own VW hardly showed great interest for the segment of the heavy weight, managing rather its stake in Scania as a financial investment. And in the coming months, attention will be mobilized by the reconciliation with Porsche in the car, a very delicate subject seen from Wolfsburg.
These strategic questions are involved in full reversal of the European truck market. Number three of the specialty behind Volvo, Renault and Daimler, MAN has registered a decrease in its order of 8 in the first half, the first since several years. Leaving augurer of settlement of deliveries of vehicles from 2009. Particularly cyclical, the sector is victim of the economic downturn and bankruptcies affecting many carriers.
At the time, MAN has to adapt: the new brand factory of Cracow (Poland) runs at a rate of 15,000 trucks per year, but just to hire a second team, which would have brought the production to 30,000 trucks.
Group operating margin is around 12 of the turnover, has promised to financial analysts that he did not intend to descend below 6.5, even at the bottom of the cycle, while the last cyclical recession, from 2000 to 2003, did dive to 1.5. How will it achieve By multiplying the outsourcing contracts, temporary work, time savings accounts and automation in factories, according to the leaders, to ensure that the group is more flexible than in the past.
