Guy,Volkswagen and Scania

Read a bit of news the following:

Shares in Guy rose probably the most in additional than 10 several weeks yesterday following a takeover bid for that German truck maker by Volkswagen (Volkswagen) was removed through the European Commission.

 

Europe's greatest vehicle maker acquired EU antitrust approval without resorting to resource sales or any other remedies since the "merged entity would still face strong competition using their company well-established manufacturers", the ecu Commission stated late on Monday.

 

"Substantial synergies could be realized via a closer co-operation of Guy, Scania and Volkswagen in procurement, development and production."

 

The mixture of Guy and Scania would pass Volvo and Daimler to become Europe's biggest truck maker. Guy and Scania together had 30 % from the European heavy truck market this past year, based on the European Automobile Manufacturers' Association. Volvo and Daimler each had 21 percent.

 

Volkswagen backed off plans in June to title its leader, chief financial officer and commercial-vehicle division chief to MAN's supervisory board before attaining approval from the planned merger. The reversal was motivated by guidance in the EU's executive arm throughout antitrust talks, Volkswagen stated at that time.

 

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