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Traton Group
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] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investor AB
Investor AB is a Swedish investment and ''de facto'' conglomerate holding company. It was founded in 1916 and is still controlled by the Wallenberg family through their Foundation Asset Management company FAM. The company owns a controlling stake in several large Swedish companies, with smaller positions in a number of other firms. History Investor AB was established by the Wallenberg family in Stockholm in 1916 when new Swedish legislation made it more difficult for banks to own stocks in industrial companies on a long-term basis. The shareholdings of the family bank, Stockholms Enskilda Bank ( SEB today), were transferred to Investor AB, a newly formed industrial holding company spun out of the bank. Investments Listed companies Investor AB own significant minority stakes in listed companies and are typically the largest shareholder. * ABB - Provides electrification products, robotics and motion, industrial automation and power grids. * AstraZeneca - A biopharmaceutical com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Neoplan
Neoplan Bus GmbH is a German automotive company that manufactures buses, trolleybuses and coaches. It is a subsidiary of MAN Truck & Bus SE. History Foundations The company was founded by Gottlob Auwärter in Stuttgart in 1935, and manufactured bodywork for bus and truck chassis. By 1953, the company had moved away from manufacturing buses on truck chassis, to a partial monocoque design with a steel tube skeleton, providing the structural support, enhanced by welded side panels. The engine was moved to the rear. In 1957, air suspension was made available. 1960s In 1961, a new bus design, the ''Typ Hamburg'', was unveiled at the Geneva Motor Show. Developed by the founder's eldest son, Albrecht Auwärter, and another student, Swiss national Bob Lee, as part of their dissertation at Hamburg University. The design was the first bus to allow passengers to regulate their fresh air supply through a nozzle from two air ducts, commonly seen in contemporary designs, as well a ... [...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] |
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] |
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] |
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] |
Bearer Instrument
A bearer instrument is a document that entitles the holder of the document to rights of ownership or title to the underlying property, such as shares or bonds. Unlike normal registered instruments, no record is kept of who owns bearer instruments or of transactions involving transfer of ownership, enabling the owner, as well as a purchaser, to deal with the property anonymously. Whoever physically holds the bearer document is assumed to be the owner of the property, and the rights arising therefrom, such as dividends. Bearer instruments are used especially by investors and corporate officers who wish to retain anonymity. The OECD in a 2003 report concluded that the use of bearer shares is "perhaps the single most important (and perhaps the most widely used) mechanism" to protect the anonymity of a ship's beneficial owner.OECD 2003, p. 8. Physically possessing a bearer share accords ownership of the corporation, which in turn owns the asset. There is no requirement for reporting th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stockholm Stock Exchange
Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange ( sv, Stockholmsbörsen), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As of March 2021, a total of 832 companies are listed on Nasdaq Stockholm with 385 companies on the main market and additional 447 listed on secondary markets (Nasdaq First North and Nasdaq First North Premier). History The Stockholm Stock Exchange was acquired by futures exchange OM in 1998. After OM merged with the Helsinki Stock Exchange to form what is now OMX in 2003, the Stockholm and Helsinki exchanges' operations were merged. Since 2008, the Stockholm Stock Exchange has been part of Nasdaq, Inc. (formerly called ''Nasdaq OMX Group'') and its Nasdaq Nordic markets. As of October 2014, the exchange operated under the legal name ''Nasdaq OMX Stockholm AB'' (renamed ''Nasdaq Stockholm AB'' in 2015). Prior to the introduction of electroni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Frankfurt Stock Exchange
The Frankfurt Stock Exchange (german: link=no, Börse Frankfurt, former German name – FWB) is the world's 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Located in Frankfurt, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Börse AG and Börse Frankfurt Zertifikate AG. It is located in the district of Innenstadt and within the central business district known as Bankenviertel. With 90 percent of its turnover generated in Germany, namely at the two trading venues Xetra and Börse Frankfurt, the Frankfurt Stock Exchange is the largest of the seven regional securities exchanges in Germany. The trading indices are DAX, DAXplus, CDAX, DivDAX, LDAX, MDAX, SDAX, TecDAX, VDAX and EuroStoxx 50. Trading venues Xetra and Börse Frankfurt Through its Deutsche Börse Cash Market business section, Deutsche Börse AG now operates two trading venues at the Frankfurt Stock Exchan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aktiengesellschaft
(; abbreviated AG, ) is a German word for a corporation limited by Share (finance), share ownership (i.e. one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (where it is equivalent to a ''S.A. (corporation), société anonyme'' or a ''società per azioni''), and South Tyrol for companies incorporated there. It is also used in Luxembourg (as lb, Aktiëgesellschaft, label=none, ), although the equivalent French language term ''S.A. (corporation), société anonyme'' is more common. In the United Kingdom, the equivalent term is public limited company, "PLC" and in the United States while the terms Incorporation (business), "incorporated" or "corporation" are typically used, technically the more precise equivalent term is "joint-stock company" (though note for the British term only a minority of public limited companies have their shares listed on stock exchanges). Meaning of the word The German w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
