MAN forms partnership with Chinese heavy truck manufacturer

  • 22-Oct-2009 01:39 EDT

MAN SE has partnered with Chinese heavy truck manufacturer Sinotruk. MAN is to hold a direct interest of 25% plus one share in the Chinese manufacturer by purchasing Sinotruk’s ordinary stock and by means of a capital increase. MAN is to invest €560 million overall. As part of the cooperation, MAN will license its TGA truck, engine, chassis, and axle technologies to Sinotruk as a basis for the production of a new heavy truck series. The trucks will be manufactured at Sinotruk’s existing plants.

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