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"We're keeping all options open in regards to expanding
overseas, about a possible takeover as well as about a stock
market listing," a spokeswoman for Volkswagen trucks said on
Monday, declining to comment on whether a full or partial
separation from Volkswagen Group was a possibility.
Volkswagen hired former Daimler manager Andreas Renschler in
February 2014 to build a global trucks business by integrating
the heavy goods vehicle operations of its Scania and MAN
divisions, and combining these with Volkswagen commercial
vehicles.
Since then the Wolfsburg, Germany-based car and trucks maker has
been caught cheating exhaust-pollution tests, forcing it to
postpone the publication of its full-year earnings and delay its
annual shareholders' meeting as it struggles to put an exact
price on the cost of cleaning up the scandal.
Last year, Manager Magazin, citing company sources, reported
that Volkswagen may restructure its trucks business so that it
could be spun off from the main group.
Bloomberg news was first to quote Volkswagen saying the car and
truck maker was open to a listing of its trucks business.
(Reporting by Edward Taylor and Jan Schwartz; Editing by
Georgina Prodhan)
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