2023 Author: Eric Donovan | [email protected]. Last modified: 2023-08-25 09:36
MAN's Trucks & Bus truck division has a new boss: Joachim Drees will head this division from April, succeeding Andreas Nielsen.
The Volkswagen subsidiary MAN has appointed a new boss for the Truck & Bus division. From April the business will be managed by Joachim Drees. His predecessor, Anders Nielsen, is moving to the parent company VW and will take care of the development of this business for the new VW commercial vehicle board member Andreas Renschler, as the company announced on Friday in Munich.
Drees was also at Daimler
Renschler had switched from Daimler to VW, and Drees also worked for a long time in managerial positions in Daimler's truck business, but was most recently CFO of the construction consulting firm Drees und Sommer and previously a partner at a holding company.
Truck & Bus, together with the Brazilian subsidiary MAN Latin America, forms MAN's truck business and generated sales of over 8.4 billion euros in 2014. The division thus accounts for more than half of the total MAN revenues and employs around 36,500 people, almost two thirds of the entire workforce in the group. (dpa)
The VW subsidiary Traton is now also traded on the stock exchange. The stock market launch was more restrained than the Wolfsburg-based company had hoped for
The Volkswagen Group wants to prepare its truck division with MAN and Scania for an IPO by the end of the year. The supervisory board decided at VW to bring its truck subsidiary Traton to the stock exchange by the end of the year. The two VW subsidiaries Scania and MAN should then be able to grow better
The previous year was a successful one for Daimler's truck division. Thanks to good sales figures in North America, the group was able to record a significant increase in sales
Because of the airbag debacle at supplier Takata, Daimler has to expand its recalls in the USA. In addition, the automaker also prepares its own
Daimler's truck division has to launch an austerity program due to weak business outside of Europe. There are also no job cuts