When no successor could be found for the current wine queen in the town of Kesten, Sven Finke joked, “If you don’t find anyone, I'll be the new queen”. Little did he know that his lighthearted offer would become reality.
German truck maker MAN, a unit of European car giant Volkswagen, warned Tuesday of a "significant" decline in financial performance this year due to increased provisions and the difficult situation in its engine business.
In the latest instalment of <b>My German Career</b>, The Local spoke with <b>Tanya Singh Schober</b> about the challenges facing a foreign working mother in a top management position at a German firm.
German lorry manufacturer MAN announced Saturday it would be suspending production for a week in the face of falling demand in the financial crisis, affecting around 15,000 workers in factories in Munich and Salzgitter.
Volkswagen, the biggest European automaker, said on Monday that it now holds a majority of the heavy truck maker MAN, a key step towards the creation of a third European truck giant.
Volkswagen bowed to European Union pressure on Monday and delayed its bid to take effective control of the board of truckmaker MAN amid EU antitrust concerns.
Heavy truck and mechanical engineering company MAN has demanded €237 million in damages from former CEO Hakan Samuelsson for his alleged part in a major corruption scandal, a media report said Monday.
Swedish truckmaker Scania and Germany's MAN, both of which are partly owned by Volkswagen, are considering merging, Scania said in a statement on Monday.
European drivers should be afraid, very afraid. If vehicle makers at a major trade fair opening in Germany on Thursday get their way, "monster trucks" are soon coming to the continent's motorways.
A British watchdog said Thursday it had launched a probe into alleged price-fixing by major European truckmakers, including German giants Daimler and MAN.
The German industrial group MAN swung to a net loss last year owing to exceptional items, but remained profitable at the operating level, it said on Monday.
The CEO of Swedish truck manufacturer Scania has ruled out an alliance with German competitor MAN in order to save billions on the production line, despite rumours of a deal involving Volkswagen.
German engineering group MAN, struggling from the downturn and reeling from a bribery scandal, announced the resignation on Monday of its chief executive with immediate effect.
German conglomerate MAN warned Thursday that it saw no improvement in prospects for its heavy truck division and also expected the global slowdown to hit its diesel motor and turbo operations.
Five months after the exposure of alleged bribery and corruption at the German utility vehicle-maker MAN, the firm is overhauling the senior management in its sales and marketing division, a company spokesman said on Saturday.
The German heavy truck maker MAN unveiled a key Chinese investment Wednesday, saying it would buy 25 percent plus one share of the country's leading truck maker, Sinotruk.
Authorities have raided the offices of German utility vehicle manufacturer MAN facilities on suspicion of bribery and corruption, the Munich public prosecutor’s office said.
The German heavy truck maker MAN said on Wednesday it had raised its voting rights access in Swedish counterpart Scania to more than 20 percent, and emphasized its strategic interest in the firm.
