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Scania Up by 12 per cent in 2006

Scania chose to bring forward its 2006 numbers – as a result of its spat with MAN – and we’ve got our hands on them. Interesting to note how much fending off Munich has cost - £14.54 / €22 / £28.66 million.

GAZ and Renault

Renault’s foray into Russia has been consummated with the announcement of the adoption of its DCi11 for installation in GAZ’s Ural range. The engine will be made under licence via an agreement struck in June 2006.Just a thought, but not only is GAZ acquisitive; it’s the new owner of LDV, and the new employer of the litigious Martin Leach; it is also cash rich – which, given the last point may yet prove useful – and has made plain its aims for the CV market.

MAN-Scania. No More. Official.

MAN is to ask Swedish regulators for permission to withdraw its takeover offer for Scania.The German OEM is quoted as saying that it is clear that the conditions of the offer will not be met by Jan 31st when the offer is due to close.It said that discussions between VW, Investor AB and MAN have shown that there is 'an industrial logic' behind a combination of MAN, Scania and Volkswagen Heavy Trucks.

MAN Backs Samuelsson. Family Flowers Only.

MAN has issued a statement backing Hakan Samuelsson.The move comes in the light of reports suggesting that VW was gearing up to get rid of the Swedish CEO. "Coverage in today's press prompted the standing committee of the MAN supervisory board to reinforce their unanimous support for the position of Mr.

Can Renault Survive?

There’s a rumour doing the rounds at present that suggests that Renault SA might be considering divesting itself of its around 20 per cent stake in AB Volvo. And, where there are rumours, there tend to be denials. So what of it?

More Merger Stuff

Two bits of M&A news have filtered through the ether over the weekend.

More on Hybrids – this time Hino in Australia

According to the Japanese Nikkei newspaper, Hino is to launch its diesel-electric Dutro Hybrid truck in Australia this month. By taking advantage of brisk demand for environment-friendly vehicles outside Japan, the truck maker aims to triple its overseas truck sales to 150,000 by 2015, the business daily said.

Ford Files Against Navistar

The news that Ford has filed suit against Navistar shouldn’t come as a surprise; the Warrenville, Illinois-based manufacturer has been a contender for our favourite basketcase OEM award for a time now. Aided in part by the fact that its previous accountants have had some difficulty adding up, its financials are a mess, and its strategy – whilst commendable from the perspective of an industry attempting to globalise – seems to have been leading it nowhere.