Mexican Media Brands
Report: VW May Sell MAN Large Diesel Unit
Volkswagen Group is testing buyer interest in its MAN Energy Solutions unit, which makes large diesels for ships and stationary power generators.
Share
Volkswagen Group is testing buyer interest in its MAN Energy Solutions unit, which makes large diesels for ships and stationary power generators.
Sources tell Reuters that VW’s preliminary overtures have been to such rivals as Cummins Inc. in the U.S., Wartsila OA in Finland and several private equity firms. VW believes the MAN unit, which also makes turbochargers used in the energy industry, would be worth about €3 billion ($3.4 billion).
Reuters says VW has not yet chosen an adviser for a potential sale or otherwise launched a formal sales process. Last year MAN Energy Solutions was reassigned from MAN to VW when Volkswagen merged its MAN, Scania and VW commercial vehicles unit to form Traton AG.
In March, VW postponed plans for an initial public offering for Traton, citing market jitters over the U.S.-China trade war and general economic conditions.
RELATED CONTENT
-
Ford Copies Nature
As Nature (yes, capital N Nature) has done a pretty good job of designing things, it is somewhat surprising that Man (ditto) doesn’t follow Nature’s lead more often when it comes to designing objects.
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
