Porsche shareholders approved plans recently for the creation of a new holding company that would combine Volkswagen and truck manufacturers MAN and Scania to form a global powerhouse to rival industry leader Toyota. Porsche under the guidance of CEO Wendelin Wiedeking will be in charge of the new entity because of its controlling stake in VW, and when combined revenues would top those of GM and Ford but won’t surpass Toyota.
MAN is already in talks with Scania and VW Commercial Vehicles over a proposed merger, so it’s not difficult to see the groups join with the carmaking divisions.
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