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Volvo ropes in rival Scania CEO for big roleSwedish truckmaker Volvo has named Martin Lundstedt, the head of rival Volkswagen-owned Scania as its chief executive, replacing embattled Olof Persson who has led a sweeping efficiency drive. Volvo, vying for dominance of the tru More… |
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Abu Dhabi IPIC in Ferrostaal stake dealAbu Dhabi's International Petroleum Investment Company (IPIC) will sell back its 70 per cent stake in plant construction and engineering business Ferrostaal to German truckmaker MAN in a deal that ends a year-long dispute. As per the d More… |
