Heavy Duty Trucking, May 2018
as well as in procurement According to Hinos announcement technology cooperation will focus on conventional powertrains hybrid and electric powertrains as well as connectivity and autonomous driving systems We are teaming up with one of the leading truck and bus companies whose presence is especially strong in Asia said Andreas Renschler head of Volkswagen Truck Bus It is an excellent fit in terms of regional footprints and products but also concerning common ideas on how to shape the future of transportation together On April 13 VW announced that CEO Matthias Mueller would be replaced by Volkswagen brand chief Herbert Diess Diess currently heads the firms namesake Volkswagen division but now takes over a larger parent company that owns brands including Porsche Audi Bentley Bugatti and Lamborghini Mueller took over the CEO slot at VW in the wake of the fallout from VWs 2015 admission that it had installed cheat software on millions of diesel engines Volkswagen turned aggressively to electric vehicles under Muellers leadership It has promised more than 80 new electric and plug in hybrid models by 2025 including a deal to bring electric trucks to North America as part of its wide ranging cooperative agreement with Navistar In other company news there are indications VW is considering listing its Truck Bus division as a separate stock listing in order to gain access to capital markets including options for a partial listing and bond sales The move comes as VW announced a new organizational structure with the company being divided into six business units with a distinct Chinese operation These strategic moves and partnerships bolster the views of industry analysts who have been predicting VWs entry into the North American commercial vehicle market in the future Navistars stock jumped on the news of the management shakeup at Volkswagen MAY 2018 HDT 25 WWW TRUCKINGINFO COM From left Taketo Nakane director and senior managing officer of Hino Motors Yoshio Shimo president and CEO of Hino Motors Andreas Renschler CEO of Volkswagen Truck Bus and Matthias Grundler CFO of Volkswagen Truck Bus
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