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Traton
Traton SE, known as the Traton Group (formerly Volkswagen Truck & Bus AG), is a subsidiary of the Volkswagen Group and one of the world's largest commercial vehicle manufacturers, with its MAN, Scania, Navistar, and Volkswagen Caminhões e Ônibus brands. The company also has digital services branded as RIO. In 2020, the group sold around 190,200 vehicles. The range of products includes light-, medium-, and heavy-duty trucks, as well as vans and buses. As of December 31, 2020, Traton employed around 82,600 people in its commercial vehicle brands. History In 1979, Volkswagen AG held a 67% share in Chrysler Motors do Brasil Ltda., a Brazilian commercial vehicle manufacturer. In 1980, Volkswagen acquired the remaining shares in Chrysler, renamed the company Volkswagen Caminhões e Ônibus Ltda., and assigned it to the Volkswagen Commercial Vehicles division. In 2000 Volkswagen contributed 3 billion German marks to Swedish Scania AB, controlling 34% of the voting rights and holdi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MAN SE
MAN SE (abbreviation of ''Maschinenfabrik Augsburg-Nürnberg'', ) was a manufacturing and engineering company based in Munich, Germany. Its primary output was commercial vehicles and diesel engines through its MAN Truck & Bus and MAN Latin America divisions, and participation in the manufacturer Sinotruk. MAN SE was majority-owned by Traton, the heavy commercial vehicle subsidiary of automaker Volkswagen AG, until August 2021 when Traton completed a squeeze out of all remaining shareholders and formally merged MAN SE into Traton SE, meaning the former subsidiaries of MAN SE were now directly owned by Traton, and MAN SE ceased to exist. History Foundation MAN traces its origins back to 1758, when the "St. Antony" ironworks commenced operation in Oberhausen, as the first heavy-industry enterprise in the Ruhr region. In 1808, the three ironworks "St. Antony", "Gute Hoffnung" (English: "Good Hope"), and "Neue Essen" (English: "New Forges") merged, to form the Hüttengewerks ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Navistar International
Navistar, Inc is an American holding company created in 1986 as the successor to International Harvester. Navistar operates as the owner of International-branded trucks and diesel engines. The company also produces buses under the IC Bus brand. On July 1, 2021, Navistar became a wholly owned subsidiary of Traton. Navistar Defense LLC operates independently and is owned by Cerberus Capital Management. Headquartered in Lisle, Illinois, the company has 13,000 employees worldwide as of 2019. Navistar operates through a network of nearly 1,000 dealer outlets in the United States, Canada, Brazil, and Mexico and more than 60 dealers in 90 countries. History 1902–1985: International Harvester The merger of McCormick Harvesting Machine Company and the Deering Harvester Company in 1902 resulted in the formation of the International Harvester Company (IH) of Chicago, Illinois. In 1908, International introduced the International Harvester Auto Wagon, a forerunner of the pickup ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hino Motors
Hino Motors, Ltd., commonly known as Hino, is a Japanese manufacturer of commercial vehicles and diesel engines (including those for trucks, buses and other vehicles) headquartered in Hino, Tokyo. The company was established in 1942 as a corporate spin-off from previous manufacturers. Hino Motors is a large constituent of the Nikkei 225 on the Tokyo Stock Exchange. It is a subsidiary of Toyota Motor Corporation and one of 16 major companies of the Toyota Group. History The company traces its roots back to the founding of Tokyo Gas Industry Company in 1910. In 1910, Chiyoda Gas Company was established and competed fiercely against incumbent Tokyo Gas Company for gas lighting users. Tokyo Gas Industry was a parts supplier for Chiyoda Gas but it was defeated and merged into Tokyo Gas in 1912. Having lost its largest client, Tokyo Gas Industry Co. broadened its product line including electronic parts, and renamed itself as Tokyo Gas and Electric Industry (東京瓦斯電気工業 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volkswagen Caminhões E Ônibus
Volkswagen Truck & Bus Indústria e Comércio de Veículos Ltda. (formerly known as Volkswagen Caminhões e Ônibus), is a Brazilian commercial vehicle manufacturing company based in Resende, Brazil and a subsidiary of Traton. It manufactures heavy trucks and buses under the Volkswagen marque. Volkswagen Caminhões e Ônibus was originally a part of the Volkswagen Commercial Vehicles division of the Volkswagen Group. On 1 January 2009, it was sold to MAN SE, and formed its MAN Latin America division. In August 2021, MAN SE was merged with Traton SE, with the latter becoming the direct owner and parent of Volkswagen Truck and Bus. Volkswagen Caminhões e Ônibus operation In 1979, Volkswagenwerk AG acquired a 67% percent stake in Chrysler Motors do Brasil Ltda ( :pt). In January 1980, it increased its shareholding to 100%, therefore giving it the right to rename the company to Volkswagen Caminhões Ltda. Volkswagen Caminhões Ltda. released their first trucks in February/March ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scania AB
Scania AB is a major Swedish manufacturer headquartered in Södertälje, focusing on commercial vehicles—specifically heavy lorries, trucks and buses. It also manufactures diesel engines for heavy vehicles as well as marine and general industrial applications. Scania was formed in 1911 through the merger of Södertälje-based Vabis and Malmö-based Maskinfabriks-aktiebolaget Scania. Since 1912, the company has been re-located again to Södertälje after the merger. Today, Scania has production facilities in Sweden, France, the Netherlands, Thailand, China, India, Argentina, Brazil, Poland, Russia and Finland. In addition, there are assembly plants in ten countries in Africa, Asia and Europe. Scania's sales and service organisation and finance companies are worldwide. In 2012, the company employed approximately 42,100 people around the world. Scania was listed on the NASDAQ OMX Stockholm stock exchange from 1996 to 2014. The company is a subsidiary of Traton, part of the Vo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MAN Truck & Bus
MAN Truck & Bus SE (formerly MAN Nutzfahrzeuge AG, ) is a subsidiary of Traton, and one of the leading international providers of commercial vehicles. Headquartered in Munich, Germany, MAN Truck & Bus produces vans in the range from 3.0 to 5.5 t gvw, trucks in the range from 7.49 to 44 t gvw, heavy goods vehicles up to 250 t road train gvw, bus-chassis, coaches, interurban coaches, and city buses. MAN Truck & Bus also produces diesel and natural-gas engines. The MAN acronym originally stood for ''Maschinenfabrik Augsburg-Nürnberg AG'' (), formerly MAN AG. Trucks and buses of the product brand MAN and buses of the product brand Neoplan (premium coaches) belong to the MAN Truck & Bus Group. On 1 January 2011, MAN Nutzfahrzeuge (''literally: commercial vehicles'') was renamed as MAN Truck & Bus to better reflect the company's products on the international market. History Light truck collaborations with Saviem and Volkswagen From 1967 until 1977, MAN collaborated with Franc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volkswagen Group
Volkswagen AG (), known internationally as the Volkswagen Group, is a German multinational automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. The company designs, manufactures and distributes passenger and commercial vehicles, motorcycles, engines and turbomachinery, as well as offering related services, including financing, leasing and fleet management. In 2016, it was the world's largest automaker by sales, and keeping this title in 2017, 2018 and 2019, selling 10.9 million vehicles. It has maintained the largest market share in Europe for over two decades. It ranked seventh in the 2020 ''Fortune'' Global 500 list of the world's largest companies. The Volkswagen Group sells passenger cars under the Audi, Bentley, Cupra, Lamborghini, Porsche, SEAT, Škoda and Volkswagen brands; motorcycles under the Ducati name; light commercial vehicles under the Volkswagen Commercial Vehicles brand; and heavy commercial vehicles via the marques of listed subsi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Volkswagen Commercial Vehicles
Volkswagen Commercial Vehicles (VWCV; german: Volkswagen Nutzfahrzeuge , abbreviated ''VWN'' ) is a German brand, marque of light commercial vehicles, owned by Volkswagen Group. It is headquartered in Hannover, Lower Saxony, Germany. Originally part of Volkswagen Passenger Cars (business area), it has operated as a separate marque since 1995. Organizational structure Volkswagen Commercial Vehicles is a marque, not a legal entity. Its activities are within Volkswagen's ''Commercial Vehicles Business Area'', which also includes the activities of the Scania and MAN marques. The Scania and MAN marques are managed by Traton. Accordingly, Volkswagen Commercial Vehicles is an associate partner of Traton. History 1947 to 1960 In 1947, Volkswagen Dutch importer Ben Pon sketched a van based on Beetle components which became the legendary Volkswagen Type 2, Type 2 Transporter range after seeing the Volkswagen Beetle-based Volkswagen Plattenwagen, Plattenwagen. In 1949, Volkswagen Gener ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sinotruk (Hong Kong)
Sinotruk (Hong Kong) Limited is a Hong Kong truck manufacturer incorporated in 2007. The subsidiaries of Sinotruk (Hong Kong) manufactures trucks in Mainland China. Its parent company, China National Heavy Duty Truck Group ( Sinotruk Group or CNHTC), is a Chinese state-owned heavy truck manufacturer, headquartered in Jinan, Shandong Province. History Sinotruk (Hong Kong) Limited was incorporated on 31 January 2007 in Hong Kong, a special administrative region of China, as an intermediate holding company for the Chinese Government owned China National Heavy Duty Truck Group (, Sinotruk Group). Since 2 April, Sinotruk (Hong Kong) Limited owned the following subsidiaries: Sinotruk Jinan Truck, Sinotruk Jinan Commercial Truck, Sinotruk Jinan Power, Sinotruk Jinan Technical Center, Sinotruk Factory Design Institute, Sinotruk Shandong Import & Export Company, Sinotruk Jinan Ganghua Import & Export Company, Sinotruk Hong Kong International Investment Company and Sinotruk Finance. Sinotruk ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Strategic Partnership
A strategic partnership (also see strategic alliance) is a relationship between two commercial enterprises, usually formalized by one or more business contracts. A strategic partnership will usually fall short of a legal partnership entity, agency, or corporate affiliate relationship. Strategic partnerships can take on various forms from shake hand agreements, contractual cooperation's all the way to equity alliances, either the formation of a joint venture or cross-holdings in each other. Typically, two companies form a strategic partnership when each possesses one or more business assets or have expertise that will help the other by enhancing their businesses. This can also mean, that one firm is helping the other firm to expand their market to other marketplaces, by helping with some expertise. According to Cohen and Levinthal a considerable in-house expertise which complements the technology activities of its partner is a necessary condition for a successful exploitation of knowl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Engine Displacement
Engine displacement is the measure of the cylinder volume swept by all of the pistons of a piston engine, excluding the combustion chambers. It is commonly used as an expression of an engine's size, and by extension as a loose indicator of the power an engine might be capable of producing and the amount of fuel it should be expected to consume. For this reason displacement is one of the measures often used in advertising, as well as regulating, motor vehicles. It is usually expressed using the metric units of cubic centimetres (cc or cm3, equivalent to millilitres) or litres (l or L), orparticularly in the United States cubic inches (CID, cu in, or in3). Definition The overall displacement for a typical reciprocating piston engine is calculated by multiplying together three values; the distance travelled by the piston (the stroke length), the circular area of the cylinder, and the number of cylinders in the whole engine. The formula is: : \text = \text \times \frac \times ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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