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Following the purchase, MAN will continue to conduct this business under the Volkswagen brand name and will cooperate closely with the management and employees in Brazil. The company’s registered office and jobs will not be affected.
"This decision is a further logical step for us in the truck business and at the same time brings our Brazilian commercial vehicle activities an attractive perspective in an alliance with a leading truck maker. It is obvious that VW CO and MAN complement each others activities very well and have significant synergy potential. We are convinced that VW CO customers and employees will benefit from this step," Prof. Dr. Martin Winterkorn, Chairman of the Board of Management of Volkswagen AG, commented.
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